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Owe A LOT to IRS

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    Question Owe A LOT to IRS

    I'm planning on filing chapter 7 next month. But I also have a very large amount (>50k) owed to IRS that will not be able to be discharged in BK. What options do I have? I know that the collections actions will cease while going through BK, but after discharge are they more willing to work with someone who went through BK to develop a payment plan? Are they more willing to accept an OIC? Anyone have any good experience or insight with this?
    Thanks!!

    #2
    Online Payment Agreement (OPA) or an OIC. I was on a payment plan before filing. I discharged about $5K in penalties. If you have that much tax debt you may need to work with an enrolled agent (or company) that can help negotiate an OIC.
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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