Myth: IRS taxes are never wiped out in bankruptcy.
Fact: Federal income taxes may be discharged in bankruptcy, if several conditions are met. Two such conditions are how old the tax year is, and whether the tax return was filed on time.
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Fact: Federal income taxes may be discharged in bankruptcy, if several conditions are met. Two such conditions are how old the tax year is, and whether the tax return was filed on time.
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