Castle Law Office Blog | Missouri & Illinois Bankruptcy Legal Blog

Can You Get Rid of Back Taxes with Missouri or Illinois Chapter 7 Bankruptcy?

Under certain criteria, income tax debts can be completely discharged. It’s no wonder that so many people turn to Missouri or Illinois Chapter 7 bankruptcy during tax season. So, what’s the criteria?

• The tax debt must be at least 3 years old from the date the return was first due.*
• Your returns or an equivalent report must have been filed 2 years prior to your Missouri or Illinois Chapter 7 bankruptcy.*
• Taxes must have been assessed at least 240 days prior to filing the Chapter 7 bankruptcy.*

When dealing with tax debt, it is important to make sure that you’ve met all the criteria and that your tax debt can indeed be eliminated. Having an experienced and qualified St. Louis, Missouri or Fairview Heights, Illinois bankruptcy attorney is absolutely essential for this process. The federal and state governments are no ordinary creditors and messing up a debt that you owe them could put you in a terrible position.

Wondering how you could find the best bankruptcy attorney in Missouri or Illinois? Look for an attorney that provides you with all of the free information—even free publications—that you need before you even step foot in an office. Surely, an attorney who is willing to go above and beyond to help you before you even become a client will do the same when you retain him or her as your attorney!

*These times can change and be made longer for any time in a prior bankruptcy case or while under an offer in compromise with the tax authority.