Can You File Bankruptcy if You Haven't Filed Tax Returns?
When it comes to filing bankruptcy, the process can be complicated and stressful. The question of whether or not you can file bankruptcy if you haven't filed your tax returns is one that many individuals have asked. The answer is yes, but there are a few details that you should consider before taking such a step.
First and foremost, it's essential to understand that bankruptcy proceedings cannot begin until all your taxes for the past 6 years have been filed and paid in full. So even though it might seem counterintuitive to file for bankruptcy if you haven't already paid your taxes, it's still possible as long as you are aware of this requirement. Additionally, if any of your prior year tax returns remain outstanding at the time of filing for bankruptcy protection then those debts may not be included in the dischargeable debt under Bankruptcy law.
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