ANSWERS: 1
-
According to basictaxhelp.com, filing chapter 7 bankruptcy might discharge all tax debts, so long as they are not recent (the previous year). Some taxes like payroll and trust fund are more likely to not get discharged in a bankruptcy. With a chapter 13 bankruptcy, some of the balance could be discharged, and the remaining is repaid in a three- to five-year payment plan.
Source:
Basic Tax Help: Bankruptcy & IRS Tax: Types, Requirements, & Discharging
Copyright 2023, Wired Ivy, LLC