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As a last resort, you can wipe out your back taxes, interest, and penalties by filing bankruptcy. Bankruptcy can be the best solution to your tax problems, but not everyone qualifies.
Certain criteria must be met and rules must be followed in order for you to wipe out your tax debt through bankruptcy. If you file for bankruptcy but don’t fit the criteria, the IRS will seek you out when bankruptcy is over. Proper planning is essential to determine if bankruptcy can be a viable solution for you.
JB Tax and Accounting bankruptcy services can help you determine if this is an option for you. Complete the form below for a free consultation.