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Can I file bankruptcy and discharge my taxes without entering into an Offer in Compromise (OIC)?

April 26, 2017Bankruptcy compromise Discharge entering file Offer OIC taxes

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Can I file bankruptcy and discharge my taxes without entering into an Offer in Compromise (OIC)?

1 Answer

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Maybe. Some taxes are dischargeable; some are not. Sometimes bankruptcy is the better option, but your entire situation should be discussed. Also, keep in mind that bankruptcy will be reported on your credit, while, Offers in Compromise (OIC) do not show up on your credit report in any negative way.