15. August 2013 · Comments Off · Categories: Tax News, Taxes · Tags: ,



My father had back taxes and information for individual bankruptcy in early 2006 now the federal government is comming soon after the back taxes. Does the bankruptcy consider treatment of individuals taxes or is he nonetheless liable for them? (Lives in Kansas if this issues)

Response by wartz
Income taxes on returns that the taxpayer filed that became due and owing more than three many years in the past–for the most element 2003 and just before–would be discharged apart from to the extent the attached to exempt or abandoned home. Withheld taxes are not discharged. What specifically did your father owe that he is now acquiring charges for?

Answer by bostonianinmo
In common, again taxes above 3 several years previous may be incorporated in a personal bankruptcy discharge but there are a number of unique qualifications to that. The 3 year clock starts off ticking after the returns are submitted by the taxpayer (as opposed to a levy with out a return becoming filed by the taxpayer) and community have faith in fund taxes (payroll withholdings withheld from personnel wages) are by no means incorporated. Of training course, the tax personal debt by itself need to be detailed on the individual bankruptcy together with the other discharged debts.

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