Paying Taxes Prior To Bankruptcy: Here's What You Should Know
Deciding to file bankruptcy can affect the way you pay your taxes before filing. Here are a few tips you can use to help you with tax preparation and payments, so that all steps you take are legal and don't have any negative impact on your bankruptcy petition.
Paying Taxes Prior To Filing
If you owe taxes that are considered non-dischargeable, you should consider selling nonexempt property and paying off your tax debts before filing bankruptcy If part of the your taxes due are dischargeable, you can force the IRS to to apply those payments to the non-dischargeable part.