Will a Notice of Federal Tax Lien be released in a Chapter 7 bankruptcy?

A taxpayer submitted a question where he asked if his Notice of Federal Tax Lien will be released after his Chapter 7 bankruptcy discharge. He stated that he was sure that the taxes were dischargeable and there was no equity in his home or any other assets. Darrin Mish goes over the timing rules for bankruptcy and whether the taxpayer is likely to get his Notice of Federal Tax Lien released. It looks good for this taxpayer (if all his facts are correct) to get his tax lien released.

Leave a Reply