Owing taxes is never a good idea and usually puts you in a very difficult position. So on the question can you file taxes owed with bankruptcy, the answer is definitely, but it depends on the type of tax it is that you owe.

As filing taxes especially when filing for bankruptcy at the same time can be a daunting task it is a very good idea to get a tax or bankruptcy lawyer to help you through this process, a lawyer will be able to help you with the things you may know nothing about like the chapters of bankruptcy cases and especially for which one you should file, as some taxes won’t be discharged he will also know if your type of tax has the chance to be discharged. He has to be in this type of work and know quite a lot about it.

To know whether the tax debt you have is general unsecured or priority taxes is very important since even when you file for bankruptcy, taxes that is priority taxes will not be discharged and the debt will be yours to repay and it will be the full amount owed.

The amount of tax that can be discharged also depends on the chapter on which you decide to file bankruptcy, for instance if you file a chapter 13 case usually you will have to pay a percentage between zero and one hundred back to unsecured creditors.

Remember before filing to make sure the taxes you are filing for was filed two years before you put in you filed for bankruptcy.And knowing that there were no evasion by trying to file fraudulent tax returns.You should also have done this out of free will.

If you have debt with other tax types like sales taxes it is also a possibility to have these discharged when you take the option of filing for bankruptcy, with that said, get in the meanings of a lawyer that has a background in this field.

In general personal taxes will be discharged, in the case that the taxes are at a minimum three years old. Your taxes must have been assessed two hundred and forty days prior to you filing for a bankruptcy case and in the event that you have voluntarily filed your taxes two years ago.

If you want to get one years tax discharged the most probable chapter to file for would be seven, if you file for chapter thirteen you will still pay a percentage[0-100] of the total owed to the person the money should be paid to. These are the two most likely chapters you will work on.

Along with a few other taxes Payroll taxes will not be discharged so filing in this direction will have no effect. Try to get surety that when your taxes has been discharged your bill will be clean since it can happen easily that you may owe something on other taxes and your bill won’t be clear even in a case of Bankruptcy.The best option is to ask the lawyer on your case to get this confirmed beforehand.

Do not listen to others in this case see a lawyer and hear what he says about, Can you file taxes owed with bankruptcy.He will provide all the answers you may need.

Bankruptcy is an extremely complex process,if you need help through the process, hire a Toronto bankruptcy trustee