When you file for bankruptcy, you do so with the understanding that not all of your debts will be discharged. In truth, there are still a few debts you will have to pay. This remains true regardless of what type of bankruptcy you file.
However, some taxes that you may think you are stuck with can actually be discharged if they meet certain requirements. For instance, you have probably heard that there is no getting around paying taxes. In some circumstances, that may not be the case. If your taxes are legally accurate income taxes that have been owed for not less than three years and for which you filed a tax return; if the IRS assessed the debt no sooner than 240 days prior to your bankruptcy filing, or has yet to assess the debt, the court could potentially absolve you of that debt.
You may be concerned about audits by the IRS when you file bankruptcy. Even in the event you have done everything right, the idea of an audit can be intimidating to many. However, there exists no law prompting the IRS to audit bankruptcy filers. With somewhere around 1.5 million filings of bankruptcy each year, there would be no realistic way for the IRS to conduct such an audit. More often, those targeted by the IRS have filed inaccurately, fraudulently, have not paid or have not filed at all.
If you are considering bankruptcy and are not sure if it can really help you, talk to a bankruptcy attorney in Florida. You may find answers you need to the toughest questions and knowledgeable guidance to see you to the right path for your financial future.