Bankruptcy and Tax Elimination

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Can I file corporate bankruptcy to eliminate taxes?

Bankruptcy and Tax Elimination

While this might be a euphoric thought for the average business owner who is behind in paying employment taxes, corporate bankruptcy does not eliminate tax obligations.

Business that find themselves upside down, so to speak, may find it valuable to consult a bankruptcy lawyer to decide how best to handle this type of situation with creditors and owing back taxes to the IRS.



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