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Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2900
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
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I owe the IRS money. I have health issues and my income is

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I owe the IRS money. I have health issues and my income is primarily from alimony, $1500/mo.. My business brings in about $242 additional (avg based on last 12 mos) per month. The IRS filed a lien about 3 years ago against me, and they have seized my bank account 2 months ago. I closed the account because I can't afford the bank charges. This is my question: I filed an Offer in Compromise (form 656), considered on Nov 6, 2007, rejected May 10, 2008, which adds 6 months to the clock. I filed bankruptcy in 2000 after my divorce (I was a stay at home mom, no working). Does my bankruptcy in 2000 add another 5 years to the clock to include my IRS debt by year? In other words, since I can add IRS debt older than 3 years, do I need to add another 5 years to that because I have filed a bankruptcy?
Submitted: 8 years ago.
Category: Bankruptcy Law
Expert:  Terry L. replied 8 years ago.
The rule to discharge tax debt is thusly:
1. income tax:
2. filed on time, accurate and more than 3 years old.
3. If late filed, they must be filed at least 2 years before the chapter 7 is filed.
4. The taxes must also have been assessed for at least 240 days.
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