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Will back taxes be affected by a bankruptcy

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Will back taxes be affected by a bankruptcy
Submitted: 2 years ago.Category: Tax
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Answered in 10 minutes by:
2/12/2016
Tax Professional: Lev, Tax Advisor replied 2 years ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,984
Experience: Taxes, Immigration, Labor Relations
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Under certain conditions - the tax debt may be discharged with the bankruptcy procedure...

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Tax Professional: Lev, Tax Advisor replied 2 years ago

If the income tax debt meets all five of these rules, then the tax debt is discharged in bankruptcy petitions.

-The due date for filing a tax return is at least three years ago.

-The tax return was filed at least two years ago.

-The tax assessment is at least 240 days old.

-The tax return was not fraudulent.

-The taxpayer is not guilty of tax evasion.
Please verify your situation.

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