Getting Gone Tax Debts In Bankruptcy: Difference between revisions

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Latest revision as of 15:27, 23 January 2025

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Defenders of your IRS position would say it comes back to Section 61. The waitress provided a service for me, and I paid get rid of. Compensation for services is taxable. End of case.

No Fraud - Your tax debt cannot be related to fraud, to wit, you'll want to owe back taxes when you failed spend them, not because you played funny on your tax come home.

Clients must be aware that different rules apply as soon as the IRS has now placed a tax lien against themselves. A bankruptcy may relieve you of personal liability on the tax debt, but in some circumstances won't discharge a correctly filed tax lien. After bankruptcy, the internal revenue service cannot chase you personally for the debt, however the lien stay on any assets which will stop able provide these assets without satisfying the outstanding lien. - this includes your housing. Depending upon the lien as filed, might happen be possibilities to attack the validity of the lien.

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