I have built up a large amount of debt, about $170K in tax debt ($145K to federal and $25K to California) which was due to ...

However, recent larger outstanding balances often don't qualify for elimination in bankruptcy, and neither do many specific ...

Filing for bankruptcy can provide serious relief from your mounting debt, but there are a few things to know first.

You might also file Chapter 13 if you owe a lot of back taxes, Rosenblum adds. How much of my debt will I have to repay if I file for Chapter 13 bankruptcy? That's impossible to say. It depends on ...

That being said, unfiled and unpaid taxes could eventually catch up to you one day. The IRS could garnish your wages if you owe back taxes and don't make any effort to pay, such as signing up for ...

If you file bankruptcy, creditors cannot go after your ... The IRS levies your account for unpaid back taxes. You owe fines or penalties related to federal crimes or civil judgments.

According to the Burr Law Office, you can declare bankruptcy to potentially wipe out tax debt but only on debt that is at least three years old. In this case, the California man’s back taxes are ...