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Addressing The Issue Of Tax Bankruptcy

While there are many ways to handle a wide variety of different types of IRS tax debts and bills, one way in particular has become more mainstream in recent years. That is the use of something that is called tax bankruptcy as a way to deal with tax related bills that are overdue or excessive. A large or overbearing IRS tax debt sometimes requires that an individual consider filing something known as tax debt bankruptcy so to discharge the debt. Using either Chapter 7 or Chapter 13 filing, a taxpayer can find relief from overwhelming tax burden.

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