One of the biggest misconceptions surrounding tax debts relates to the fact that they are "not" discharged (wiped-out) in bankruptcy.
I cannot tell you how many taxpayers are misinformed by their accountants regarding their ability to escape paying back-taxes by simply filing for bankruptcy.
In the vast majority of bankruptcy cases, where tax debt eligible for discharge exists, taxpayers keep their home, cars, retirement accounts, jewelry, and personal property (computers, TV's, cell phones, etc.) and never pay the IRS or NY a dime.
There are of course some instances in which bankruptcy is not a viable option, and in those cases we pursue other avenues for relief.
Call us today for a free consultation! (718) 928-9607.