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Answer:
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Certain tax obligations are dischargeable or can be somehow managed in bankruptcy. The primary relevant factors are the age of the taxes (determined by calculating from the date the returns were first DUE), the date of assessment of the taxes (determined by the taxing agency), the dates you filed your returns (IF they were filed) and whether you attempted to evade payment of the tax by fraud.
Whether you can discharge these taxes depends on a combination of the above factors (and certain other miscellaneous factors) AND under what chapter of bankruptcy you file.
Tax Dischargeability analysis is extremely tricky and the only way to correctly determine if taxes are dischargeable in your case is to obtain an official "literal" tax transcript (record of account) from the taxing agency and have it analyzed by a bankruptcy attorney or tax professional with specialized knowledge in this area. This transcript can be obtained from the Internal Revenue Service by calling 1-866-860-4259.
First answer by Chslaw.
Last edit by Chslaw.
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