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Will bankruptcy discharge taxes owed? 

 

1. The 3-Year Rule: Your tax return was due more than 3 years prior to your bankruptcy filing. If you obtained an extension, the due date would be the extension deadline. 

 

2. The 2-Year Rule: If your late return (filed after its due date and any extensions) was actually filed more than 2 years prior to the bankruptcy filing. 

 

There are other taxes your attorney can review with you, such as trust fund taxes, tax liens and taxes not covered by the 2 and 3 Year Rules. Because these tax areas can be very complicated, an experienced bankruptcy attorney can be invaluable in helping you sort out what taxes are discharged and what taxes you still owe.

 

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