Getting Regarding Tax Debts In Bankruptcy: Difference between revisions

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Latest revision as of 14:25, 23 January 2025

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During merchandise Depression and World War II, the income tax rate rose again, reaching 91% in war; this top rate remained in place until 1964.

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Clients in order to aware that different rules apply once the IRS has recently placed a tax lien against them. A bankruptcy may relieve you of personal liability on a tax debt, but particular circumstances will not discharge an adequately filed tax lien. After bankruptcy, the government cannot chase you personally for the debt, however the lien stay in on any assets that means you will never be able provide these assets without satisfying the outstanding lien. - this includes your domicile. Depending upon the lien also using the filed, might be be other new to attack the validity of the lien.

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