${site.data.firmName}${SEMFirmNameAlt} ${site.data.firmName}${SEMFirmNameAlt}
254-633-2876 | fax 866-825-8786
Main Menu
  • Let
    Our
    Family
  • Help
    Your
    Family
  • Free No Obligation
    Bankruptcy
    Consultations

Bankruptcy Attorney
Helping People Of Waco
Find Debt Relief

Will my Chapter 7 bankruptcy trigger a tax audit?

Sometimes it is the fear of the unknown that keeps us from pursuing a course that is going to serve us well in the long run. And there is nothing that can provide more uncertainty than having severe financial challenges. When such is the case, it can be in your best interests to seek a fresh financial start by filing for Chapter 7 bankruptcy.

But perhaps you are afraid that having a bankruptcy indicated on your tax filing will trigger an audit. Such a concern is understandable. After all, when you are trying to get your money matters straightened out, the last thing you need is the IRS scrutinizing your records.

Happily, a Chapter 7 bankruptcy in no way triggers an audit. The fact is that bankruptcy is extremely common; around a million and a half people file for one every year. It is simply not practical for the IRS to place special focus on so many individuals. The IRS has enough to do looking for incidents of tax fraud or non-payment of taxes.

If you file Chapter 7, there are numerous benefits you can take advantage of, which include having certain debts discharged. But you want to make sure that you adhere to the procedure and obey all applicable laws and fulfill your requirements. A personal bankruptcy attorney can guide you through the process in a step-by-step manner that helps ensure you understand your rights and responsibilities. By doing this, you will be prepared to move forward to a more stable and secure financial situation.

No Comments

Leave a comment
Comment Information
National Association of Consumer Bankruptcy Attorneys The College of the State Bar Of Texas Greater Waco Chamber of Commerce Member Logo

Office Location

The Kehl Law Firm, P.C. 3715 Bellmead Dr Waco, TX 76705

254-633-2876

Fax: 866-825-8786

Waco Law Office Map

Connect With Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy