Can you file bankruptcy on taxes owed? Can the amount owed to the IRS be erased if filing for bankruptcy? - Arthur Dear Arthur, Yes, bankruptcy may be of help if you owe past-due federal taxes. But ...

When outstanding tax debt becomes overwhelming, you should weigh all of your options. There are two main types of bankruptcy you can use to discharge tax debt, but it’s important to work with legal ...

A New York federal judge upheld a bankruptcy court decision validating the Internal Revenue Service’s $395,206 claim in the bankruptcy of collapsed real estate law firm Kossoff PLLC.

As if the fallout from FTX had not harmed crypto enough, the IRS seeking to prioritize billions in claims is making things even more painful. The saga of the dramatic rise and fall of FTX has been ...

The Internal Revenue Service needs to do a better job of safeguarding sensitive information about taxpayer bankruptcy petitions, even from its own employees, according to a new government report. The ...

Financial disaster can occur at any time and lead a person or business to filing bankruptcy. It’s unfortunate, but it happens. If you find yourself in this predicament, you should know how the tax ...

Financial struggles can feel overwhelming, especially if you're trying to juggle multiple issues, like mounting tax debt coupled with delinquent credit card bills or unpaid loans. Still, millions of ...

A bankruptcy court held that the IRS’s repeated collection notices and delays in abating a couple’s tax debts that had been discharged in bankruptcy willfully violated the discharge, entitling the ...