All Press Releases for February 11, 2015

Atlanta Bankruptcy Attorneys Clark & Washington Explain How To Discharge Income Taxes in Bankruptcy

The Atlanta bankruptcy law experts at Clark & Washington discuss discharging income taxes when filing for bankruptcy.

    ATLANTA, GA, February 11, 2015 /24-7PressRelease/ -- The Atlanta bankruptcy attorneys at Clark & Washington wish to explain how you can discharge your income tax debt by filing for bankruptcy. Traditionally, tax debts are not wiped out when you file for bankruptcy. In most cases, you will still end up with tax debt obligations at the conclusion of the bankruptcy or you will have to repay the tax debt via a payment plan. The only way that you can discharge tax debt is if you meet these five criteria laid out by the IRS:

1. Your tax tax debt has to originate from income taxes. Any other type of tax penalty or obligation can never be discharged regardless of circumstance.
2. All of your tax filings have to be void of any type of fraud or willful evasion. If you have made any attempts to defraud the IRS in the past, you will not be able to discharge your income tax debt.
3. Your income tax debt has to be at least three years old.
4. You have to have filed a tax return for the debt that you owe. The tax debt cannot originate from another source.
5. Your income tax debt has to have been assessed by the IRS at least 240 days prior to the filing of your bankruptcy petition.

If you meet all five of these criteria, then your income tax debt is eligible for discharge. If you are unsure if you meet any one of these criteria, consult an Atlanta bankruptcy lawyer to discuss your finances.

For more information or to schedule a free consultation with one of Clark & Washington's Atlanta personal bankruptcy attorneys, visit

About Clark & Washington:

Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the Southeast. They have locations in Georgia, Florida and Tennessee. Clark & Washington specializes in personal chapter seven and 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.

For more information, visit

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