Can I wipe out some government tax debts or debts owing to the IRS or State?
Yes. If the tax is for income tax and you file bankruptcy more than 3 years after you have filed timely and accurate tax returns, you may be able to wipe out the debt. There are strict requirements in order for the income tax debt to be dischargeable. Call one of our New Jersey or New York bankruptcy attorneys to discuss whether the government tax debt is dischargeable. Of course, many tax debts are not dischargeable, but may be if the strict requirements are met.
