Declaring bankruptcy is because it covers method that you can use to solve the tax problem. But proper care must utilized if you might be going for this method as if IRS finds that you have cheated them then severe actions always be taken against you. So, before choosing this method, consult a tax relief professional to discover if system the best choice for anybody. Remember, an individual exemption of $3650 isn't deducted on tax but on your taxable income. Say for example your filing status...