Is the IRS going to come after me if I let my house foreclose?
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Question by Marcelo Y: Is the IRS going to come after me if I let my residence foreclose?
I heard that debt relief is taxable. If they do, can bankruptcy solve that dilemma?
Very best answer:
Answer by Frequent Sense
Bankruptcy does not wipe out tax debt, but there is an exemption for primary house foreclosure debt.
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