Filing for bankruptcy can eliminate your back taxes, interest, and penalties if you qualify. Bankruptcy might be the ideal solution to manage overwhelming tax issues.

However, only some are eligible to clear their tax debt through bankruptcy. There are specific requirements that must be met beforehand. If you file for bankruptcy without meeting these criteria, the IRS will continue to pursue you once the bankruptcy process concludes. Proper planning before filing for bankruptcy is crucial to determine if it's a feasible option for resolving your tax problems.