Bankruptcy
Jun. 24, 2020
Discharging taxes in bankruptcy: Where you live may make a difference
A wave of bankruptcies is likely due to the impact of the COVID-19 crisis on the economy and the unemployment rate. For someone with an outstanding income tax liability who is considering filing for bankruptcy, a key question will be whether that liability is dischargeable in bankruptcy.
A wave of bankruptcies is likely due to the impact of the COVID-19 crisis on the economy and the unemployment rate. For someone with an outstanding income tax liability who is considering filing for bankruptcy, a key question will be whether that liability is dischargeable in bankruptcy.
Income taxes can be discharged in many circumstances. Generally, income taxes for a taxable year ending on or before the date of the filing of the b...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In