http://milwaukeebankruptcyattorneyblog.net Sat, 04 Feb 2012 22:36:02 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://milwaukeebankruptcyattorneyblog.net/2010/07/bankruptcy-misconception-7-taxes/ http://milwaukeebankruptcyattorneyblog.net/2010/07/bankruptcy-misconception-7-taxes/#comments Wed, 14 Jul 2010 16:24:21 +0000 wyanow http://milwaukeebankruptcyattorneyblog.net/?p=163 Taxes can’t be eliminated in bankrutpcy.  Wrong!  Many taxes are eliminated in bankruptcy. However, there are several complex rules that apply.  Eliminiating taxes depends on how old the taxes are, when the returns were filed and whether the taxes have been assessed and the type of taxes.  Both federal and state income taxes can be eliminated in bankruptcy.  In cases where taxes cannot be eliminated it is possible to force a payment plan on the IRS and stop interest and penalties.  Any questions should be directed to an attorney.

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