Asked on Mar 25th, 2020 on Bankruptcy - California
More details to this question:
I R S INDICATED THAT I OWED TAX SINCE 2002. THEY KEEP SENDING BILLS AND CHARGED INTEREST SINCE THEN. I HAVE NO MONEY AT ALL. I WAS WONDERING IF THERE IS A STATUE LIMITATIONS ON DEBT WITH THE IRS. I WOULD LIKE TO FILE A BANKRUPTCY ON IT AND OTHER DEBTS INCLUDE BANK OVERDRAFT.
There is a collections statute of limitations on tax debt which I believe is 10 years, but I'm not sure from when that date runs. You should discuss that with a tax attorney or tax resolution specialist.
As far as bankruptcy goes, the taxes may be dischargeable depending on the dates of the taxes, when the returns were filed for each year, and when they were assessed.
If you would like a free consultation to go over your eligibility and options, go to https://www.bklaw.com/consultmain/ to submit your information and schedule an appointment. I'm happy to advise you.
Consumers can use this platform to pose legal questions to real lawyers and receive free insights.
Participating legal professionals get the opportunity to speak directly with people who may need their services, as well as enhance their standing in the Lawyers.com community.