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Discharging Taxes in Bankruptcy
Contrary to popular belief, most taxes included income and sales taxes can be discharged in bankruptcy with proper planning. The primary exception to this rule are "trust fund" type tax liabilities usually arising from a situation where an individual or a business collected withholding taxes from employees and then failed to turn over the money to the IRS or state employment tax authority.
Eric Nixdorf, the principal of our Firm is an expert on the complicated rules governing if and when taxes are dischargeable in bankruptcy as well as how to gid rid of a tax lien through the bankruptcy process. If you owe taxes and are considering bankruptcy, please give us a call so we can analyze your situation and see if bankruptcy would be right for you.