Can I keep certain types of tax debts when filing for bankruptcy?

When filing for bankruptcy in Pennsylvania, you may be able to keep certain tax debts. This depends on the type of tax debt and how old it is. Some debts may be eligible for discharge, meaning they will be eliminated from your financial record. These include income taxes that are at least three years old, have been assessed at least 240 days before filing, and are not the result of fraud or malice. Additionally, any unpaid taxes for which you have filed a return at least two years ago, have not been assessed within 240 days before filing, and do not involve fraud or failure to file, may also be discharged. However, taxes that are more than 3 years old but less than 10, as well as payroll taxes, may not be dischargeable. Additionally, you will not be able to discharge taxes that are related to fraud or tax evasion. It is important to note that if you do not meet the criteria to discharge tax debts, or if you would like to keep them, you should contact the relevant government agency. You may be able to negotiate a payment plan that is manageable for you to pay back the debt. When filing for bankruptcy, it is important to consult a qualified attorney to determine which tax debts you can discharge and which ones you cannot. Understanding the rules and regulations of bankruptcy law in Pennsylvania can help you make an informed decision and ensure you get the most out of the process.

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Can I keep certain types of tax debts when filing for bankruptcy?

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