Bankruptcy deals with tax debt differently depending on the types of taxes that are outstanding.
Income tax debt: Income taxes can be discharged in bankruptcy, but only if a number of stringent conditions are met. Other conditions apply to the discharge of interest and penalties on your original tax debt. If you are unable to pay any income tax debt remaining after bankruptcy, you may qualify for an IRS or Maryland state tax debt relief program. It is critical to discuss your specific circumstances with Donald L. Bell, who has the experience and knowledge to recognize and resolve these very complex issues.
Property-related tax: Because tax debt discharge applies only to income taxes, property-related taxes require special attention to ensure that you do not lose your home. Addressing property-related taxes requires the skill and advocacy of a seasoned practitioner who will work to resolve all of your financial issues.