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Can you include taxes owed from 2007 in a Chapter 12 bankruptcy filed in 2008?
Wiki User
∙ 16y ago
I believe you pretty much have to.
Wiki User
∙ 16y ago
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If you filed chapter 7 in 2005 and your house was foreclosed on in 2007 do you have to pay taxes on it?
If the foreclosure was not part of the bankruptcy, yes.
Can you include taxes owed from 2008 in a Chapter 7 bankruptcy filled in 2009?
Yes
You have filed bankruptcy and had back taxes put into your chapter 13 which you filed last year your question is now that the new year has come you have filed your taxes again and will be receiving a?
If you are asking whether you will receive an income tax refund while you still owe taxes, the answer is no. The IRS will require payments and keep your refunds until the bill is paid in full.
Can you file bankruptcy on the IRS in Washington state?
No. Federal taxes may not be discharged regardless of which state the bankruptcy is filed.
How long should a person wait after a chapter 13 bankruptcy is dismissed to file income taxes for that year to guarantee to receive the refund?
You have to file your income taxes yearly regardless of whether you have filed for bankruptcy or not. Yes, IRS may garnish your refunds to pay toward your debts. If your bankruptcy is over however, you don't have to worry about that.
Can you file for bankruptcy even if you owe back taxes?
Yes, you can, and you may be able to discharge the taxes owed, if they are income taxes for returns filed more than three years prior to filing, unless there are more recent adjustments to the taxes owed.You can also file a Chapter 13 to arrange a payment plan for the taxes, though the IRS has become more amenable to reasonable payment plans without a bankruptcy filing.Consult an experienced bankruptcy lawyer in your area.
If you owe the IRS and you are under a Chapter Thirteen bankruptcy can you taxes be taken?
Yes.
How many times can you file Chapter 7 bankruptcy and can you claim taxes?
No limit
Can you include back child support payments in a chapter 7 bankruptcy?
No child and/or spousal support are not dischargeable in a chapter 7 BK. It is my understanding that child support, student loans, taxes owed, and things along that line cannot be included in a bankruptcy.
Can all taxes be paid off in BK?
It depends on what type of Bankruptcy you are filing. The first rule states that your tax debt must be related to a tax return that was due at least three years before the date you filed for bankruptcy. The due date would include all the extensions granted. The second rule states that the tax return that you have filed must have been done at least two years before the date you filed for bankruptcy. The date that you actually filed the return would be the day from which the two years will be calculated. According to the third rule, when you file for bankruptcy, the IRS assessment of your tax must be at least 240 days old. As per the fourth rule, the tax return that you have shown cannot be fraudulent or frivolous. The fifth rule states that you cannot be guilty of tax evasion.Under Chapter 7If you are filing for Chapter 7 bankruptcy, the eighth pre-petition taxes would be paid off after liquidating your assets. However, they will only be paid off if prior claims on the list are already paid off. If after paying off the secured creditors, any unsecured ones funds are left, then only the tax debts will be paid off. Otherwise you will secure a discharge for these tax debts.When it comes to paying eighth priority pre-petition taxes, different rules apply depending on the bankruptcy chapter that you have filed under.If you are filing under Chapter 13, taxes that are over 3 years old can be paid off.
Does bankruptcy remove any tax debt?
Bankruptcy does not eliminate all tax debt. It will only eliminate tax debt that qualifies under the following conditions for a Chapter 7 bankruptcy.Must be due more than 3 years ago. The due date is usually April 15 but can be will be later if an extension was filedMust have been filed more than 2 years ago. If you have not filed your taxes and the IRS filed a substitute tax return the the taxes are not subject to discharge.Must have been assessed more than 240 days ago.Must not Involve Fraud or Intent to Evade Taxes. If you failed to disclose all of your income and as a result you owe taxes, then the taxes are not subject to discharge.Generally an experienced bankruptcy lawyer can review your tax transcripts to determine if they qualify to be discharged in a bankruptcy.
Which taxes are not eligible for bankruptcy?
Payroll taxes and penalties for fraud are not it is not eligible for bankruptcy. If the debtor filed a tax return for the relevant tax years at least two years before filing, then it is not eligible for bankruptcy. If the tax debt is from a tax return that was originally due at least three years before filing for bankruptcy then it is not eligible for bankruptcy. If the IRS assessed the tax debt at least 240 days before the debtor filed for bankruptcy, then it is not eligible for bankruptcy.
