Serious tax problem.. Need advice.

[on_thg]

Bankruptcy is most unlikely to get you out of your situation. As a poster above said, it's complicated, but the general rule is income taxes where returns were not filed are not dischargeable. If you want your eyes to glaze over, read 11 U.S.C. Section 523(a).

Next point: Just because the IRS says you owe $60,000 doesn't mean that you actually do. When confronted with an unfiled return, the IRS will make some assumptions in order to file one for you. They *always* make ridiculous assumptions about your income and filing status that are not in your favor which inflate the amount due. Much of the time their "calculations" are based on a whole lot of nothing.

Your best bet, if you have any money available at all, is to get yourself to a tax pro. No joke. I wouldn't be at all surprised to see your pro suggest getting everything filed and then try for an "Offer in Compromise" to settle all the debt for less than you owe.

Don't procrastinate on this one -- if you just let it go, it won't be long before the debt is 6 figures and the IRS rarely forgets.