Discharging taxes in bankruptcy – Now or never

Regular readers of this irregular series on dealing with the IRS Collection Division will know that bankruptcy can be very useful in resolving overwhelming tax debts. However, this window of opportunity is closing, and it will slam violently shut on October 17, 2005, about four months from the scheduled publi­ca­tion date of this article. If you have clients who are drown­ing in tax debt, you need to consider the bankruptcy…