Keep in touch with Our Oakdale Bankruptcy Attorneys to find out more
Lamey law practice, P.A. Happens to be serving the residents of Oakdale for over 30 years. Below, you will discover brief responses to a number of the concerns we get many. We acts throughout Pine Springs, Lake Elmo, Maplewood, Woodbury, Oak Park Heights, and much more.
May I be rid of IRS taxes if we file bankruptcy?
Brief response: Yes, should your fees as well as your situation meet with the needs. A seasoned bankruptcy attorney can figure out if you meet with the skills to discharge or cancel your revenue fees in bankruptcy.
Broadly speaking, taxes may be released in bankruptcy: (1) if they’re over three years old calculated through the deadline associated with the income tax return; (2) in the event that tax statements had been filed a lot more than two years prior to the bankruptcy; (3) in the event that fees weren’t evaluated within 240 times ahead of the filing for the bankruptcy; and (4) as long as the fees aren’t owed by explanation of a “SFR” or replacement for return served by the IRS there are more demands, such as for instance that the fees may not be caused by a taxpayer filing a false or fraudulent taxation return, as well as the taxpayer cannot have meant to evade or beat the fees.