I am looking at filing bankruptcy due to tax problems going back almost 10 years. Currently all my returns are filed. I was told that in bankruptcy the IRS would only go 4 years of due taxes. Year 10 - 5 I owed over 100,000 in taxes year 4 - current they have owed me money but applied them to older years. I have maintain good credit but still have this tax prolem over my head.
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Maybe someone knows of a tax consultant who can help you arrange to pay back % of taxes owed. Sometimes gov accepts a % of the back debt. Worth a shot, have heard of it being done.
If you don't need to claim bankruptcy and taxes is the only problem, then try to make arrangements to get them caught up, no matter how much you owe.
A lot of tax stuff can not be included in bankruptcy. A tax specialist could probably help you!!
Good luck
Minny
"It's amazing the paths that our feet sometimes follow in life".
My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different. -
For my father i used an "Offer in Compromise". It is legal and the IRS will alow it sometimes. Vsit an Office and request the form."You once asked me for advice. You want some now? Never pass up a good thing." Lieutenant Jean Rasczak, Starship Troopers
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