Do you owe federal and state taxes? Then, consider bankruptcy; especially if you have other debts. In many cases, bankruptcy may help you reduce the amount of taxes you owe. A tax lien was recorded against your property? Here too, you may get relief by either getting rid of the lien altogether or reducing the amount of taxes owed. Discuss the matter with an experienced bankruptcy attorney to find out whether you qualify to take advantage of what bankruptcy law has to offer in the area of back taxes.