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Ask ten people products and solutions can discharge tax debts in bankruptcy and shortly get ten different answers. The correct answer is that you can, but only if certain tests are seen.

You haven't so much committed fraud or willful memek. May not wipe out tax debt if you filed the wrong or fraudulent tax return or willfully attempted to evade paying taxes. For example, purchase under reported income falsely, you cannot wipe the actual debt after you have caught.

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If you add a C-Corporation meant for business structure you can decrease your taxable income and therefore be qualified for some of those deductions where your current income as well high. Remember, a C-Corporation is a individual tax payer.

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