Monday, September 30, 2013

Federal Taxes and Bankrutpcy



 If you owe Federal taxes you may be able to include them in a Bankruptcy. It is important that you get the facts on how to proceed before making any decisions. Some examples of necessary preparations according the the IRS are as follows:

  • You must file all required tax returns for tax periods ending within four years of your bankruptcy filing.
  • During your bankruptcy you must continue to file, or get an extension of time to file, all required returns.
  • During your bankruptcy case you should pay all current taxes as they come due.
  • Failure to file returns and/or pay current taxes during your bankruptcy may result in your case being dismissed.

 If this is an issue that you face please feel free to contact our Fresno Bankruptcy Attorneys
 at 877-776-4529 for more information and to set up a free consultation.

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