Are taxes dischargeable in bankruptcy? This article will help you to understand whether your taxes are dischargeableby Chirnese Liverpool (Bankruptcy Law offices of Chirnese L. Liverpool)
Are my taxes dischargeable?
If all four answers are YES the taxes should be dischargeable.
1. Are they income taxes?
2. Was the tax return due more than three years ago? (returns are due on April 15th of the following tax year)
3. Was the return filed more than two years ago?
4. Was the tax assessed by the IRS more than 240 days ago?
(see your tax transcript)
Note- Property taxes assessed before bankruptcy, sales taxes and withholding taxes are never dischargeable.
Also- Debt discharged in bankruptcy is not taxable, even if you receive a 10-99.
To speak with a bankruptcy attorney, contact our office at 818-714-2200