Many people think bankruptcy cannot help them with income tax debts. This is simply not true. A bankruptcy filing allows you to completely discharge timely filed income taxes that are over three years old. This means that you may eliminate these taxes without paying the IRS anything.
Taxes that you owe from the past 3 years can be paid with no interest and the penalties and fee can be reduced to zero in a Chapter 13 plan. Before you get involved in an expensive and complicated repayment program with the IRS or New York State, please contact me to see if there is a simple solution that allows you to eliminate your tax debt and get a fresh start.