Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What taxes can be discharged in bankruptcy?

Bankruptcy discharged taxes
0
Posted

What taxes can be discharged in bankruptcy?

0

Bankruptcy can provide relief from some taxes. Some taxes and penalties are dischargeable; those that can’t be discharged can be paid without interest in Chapter-13. The automatic stay in bankruptcy stops even collection actions by taxing authorities, including garnishment and seizure. These provisions of the law apply equally to state and federal tax agencies.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.