if you file bankrupt does it cover federal taxes?

by

6

✅ Answers

? Favorite Answer

  • www.irs.gov use the search box for Publication 908 Bankruptcy Tax Guide and start studying and reading about the rules or ask your trustee about your situation that you are now in at this time in your life for this purpose and what and how you will have to do things the correct way that has to be done by the rules that will apply to your situation that you may be in at this time in your life.

    http://www.irs.gov/pub/irs-pdf/p908.pdf

    Hope that you find the above enclosed information useful. 10/31/2011

  • The taxes must be personal (1040, 1040A or 1040EZ) and not business. Unpaid trust fund taxes such as for payroll can never be discharged.

    The tax bill must have been assessed at least 3 years ago. If you filed late or not at all, the clock didn’t start.

    You must have given the IRS opportunity to try and collect. Stalling tactics (CNC, OIC) do not toll the clock.

  • Not unless the taxes are from at least 3 years ago.

  • No. It’s up to the IRS to reduce or forgive unpaid federal taxes.

  • Certain older taxes, MAYBE.

  • b/k does not discharge tax debts

    • Leave a Comment