Legal Question in Bankruptcy in California

Can I file

In filing my taxes for the 2005 Tax Year, I was told that I owe $20,000. I earned $75K for the year and didn't make any estimated tax payments. To prevent being charged interest on this tax debt, can I file bankruptcy to include this tax debt and the balance of the car I purchased 4 months ago. I currently am paying my car note as agreed. I don't have any money saved. I am self-employed.


Asked on 3/23/06, 1:18 pm

1 Answer from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: Can I file

If you're speaking of filing a Chapter 7, it likely will not help you with your tax obligation since the tax debt is a recent one. The IRS often is willing to work with people who can't afford a lump sum payment.

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Answered on 3/23/06, 1:40 pm


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