I owe back taxes and need to take next step

[Joseph Whitney]

I owe back taxes both federal and state from 2010-2013 federal is $15,000 and state is 2,700. The state has turned over my account to an outside collector. A few years ago I was in an offer and compromise, but I was kicked out the program due to me not getting a payment in after having my payment sent back to me for not having the correct name on the money order.

The last few months I've been working with a advisor on building my credit at the same time establishing my business name to build business credit. At the moment my personal credit score average is about a 660, before the month is over I'm predicting that it will go up. I'm ready to look for property and was hoping to go FHA. February 1st I was let go from my job and my advisor told me it might be a good idea to file bankruptcy for my past taxes. I feel like I've come to close to get set back another two years. My advisor told me I can fall back on the business, but realistically what can I do and how much longer will it take since the business was established in September 2019?

If I was able to find a property lets say 4 months before the end of this year could I put the property in my business name? With owing back taxes could I even get approved for a FHA loan?