Quote:
Originally Posted by Zary's-Mustache
I had no idea you could claim bankruptcy for taxes...
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I know taxbuster (great guy) but Tax Debt is just the worst. Its almost a literal implication of The Simpsons "No! Dig UP stupid!" joke.
Because you have to earn more to pay it but as you earn more you're digging another hole simultaneously that you're going to have to earn more to dig out of and rinse and repeat.
I've seen it happen multiple times and it is heartbreaking. Because generally, its just normal every-day people, often who just started a business, who got a little behind because starting a business is hard, and then the fees, interest, penalties and fines add up and its just becomes a Hamster-Wheel.
So as much I'd love to help you taxbuster, I think your friend/client is going to need a bankruptcy trustee and a good lawyer more than Tax guys like us.