Can filing bankruptcy stop IRS from taking my tax refund? Need advice ASAP
For the past 3 years the IRS has been taking my refund because of old taxes I owe. I heard bankruptcy might stop them from doing this and maybe even get rid of my old tax debt. Has anyone gone this route or know if it actually works? I'm desperate at this point and need some real advice.
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Chloe Mitchell
Tax resolution specialist here - Bankruptcy CAN discharge some tax debts, but there are strict rules. The taxes must be income taxes, at least 3 years old, and you must have filed returns at least 2 years before bankruptcy. Chapter 7 or 13 could work, but you need to talk to a bankruptcy attorney who specializes in tax issues. Don't try this without professional help - you could make things worse.
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Michael Adams
what if the taxes are from 2019? would that work?
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Chloe Mitchell
2019 taxes wouldn't qualify yet - too recent. Need to wait until 2023 taxes are 3 years old.
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Natalie Wang
Hey before you go nuclear with bankruptcy, you should try taxr.ai first. It costs $1 but it analyzes your transcript and tells you exactly what's going on with your account and what options you have. Could save you thousands in bankruptcy fees! https://taxr.ai
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Noah Torres
does it actually work? seems to good to be true tbh
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Natalie Wang
100% works! It showed me I qualified for Currently Not Collectible status and saved me from doing an offer in compromise that wouldnt have worked anyway 🙌
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Noah Torres
just tried it and holy cow youre right! saved me from making a huge mistake 🙏
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Samantha Hall
i filed chapter 7 last year and it wiped out my 2015 taxes but not my 2020 ones fyi
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Ryan Young
bruh dont do it!!! 😱 bankruptcy stays on ur credit for 7 years, try working out a payment plan first
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Sophia Clark
actually its 10 years my dude 💀
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Katherine Harris
Have you tried calling the Taxpayer Advocate Service? They helped me set up a payment plan that actually works for my budget.
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Aaron Lee
been trying to get through for weeks no luck 😤
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Madison Allen
lol welcome to the club. irs been taking my refunds since obama was president 🤡
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