IRS Debt


It is not uncommon for people with debt to be behind on their personal taxes to the IRS.  Tax debts that remain unpaid allow the IRS to assert tax liens, garnish personal wages and seize property. IRS tax debts accrue interest and partial payments can also lead to issues. On some occasions filing for bankruptcy can wipe out IRS debts. Some IRS tax debts can be discharged with a Chapter 7 bankruptcy depending on their age. Generally, if income taxes are more than three years old and you filed timely tax returns they are likely dischargeable if you file for bankruptcy. Taxes debts that cannot be discharged under a Chapter 7 bankruptcy include taxes that are less than three years old. If a Chapter 13 is filed and you have non-dischargeable tax debts then you will be able to include them in a Chapter 13 repayment plan. Once a bankruptcy is filed an “automatic stay” goes in to affect and will stop IRS collection efforts. Filing for a Chapter 13 will stop additional penalties or interest while your repaying your debt in a Chapter 13 plan. Call Gina Rosato Law Firm today to discuss your IRS tax debts. Call (813) 463-8000.

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