filing bankruptcy back taxes
i owe 3 years of back taxes and am about to file bankruptcy….?
since i am filing and my income for 05-07 is under 10 grand a year (i am in ohio also) can my taxes be included in the bankruptcy? i am filing chapter 13.. if not what si the ebst way to go about paying these taxes that i cannot afford to pay. i owe roughly 5000. i know the irs has payment plans, but i know they also settle too. can you settle and get a payment plan?
i am very confused in this sort of thing.
for the second poster i cannot file chapter 7 becuase they will take my car and it is really my only asset.
Back taxes are not bankruptable, but if you are unlikely to have the money to pay in the foreseeable future some offer and compromise may be possible. Look at www.irs.gov or see a CPA. Don’t run away or waste time it will only get worse. File the tax forms even if you can’t pay and then start to work something out. With that low of an income you may not even owe anything.
