Does Chapter 7 Bankruptcy Get Rid Of Tax Debt? Yes For Income, No For Other Types!

0:00 Intro
0:16 Offer in Compromise vs Bankruptcy
0:55 Find your best option
Chapter 7 bankruptcy can be used to get rid of income tax debts that qualify.

The video is just a brief explanation, but keep in mind if tax debts are not old enough, even if they are income tax, they cannot be included in the bankruptcy. They need to be on file for two (2) years.

Non-income tax debt like payroll and sales tax cannot be discharged in bankruptcy.

Check out our video comparing Offer In Compromise and Bankruptcy:

https://www.youtube.com/watch?v=OFPceR7IL3c

Get a free analysis on your case, call us at (888) 515-4829 or go to https://trp.tax/start

Doing your case on your own? Check out our free tax help guide at https://trp.tax/taxhelp/