Category: Bankruptcy Tax
Articles on how bankruptcy intersects with federal and state taxes, including which tax debts are dischargeable, timing rules, and how our San Antonio tax attorneys help clients use bankruptcy to resolve tax problems.
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Pay IRS Estimated Tax Prior to Filing Bankruptcy
Taxes incurred just prior to filing bankruptcy are not dischargeable in bankruptcy. The debtor will have to pay these taxes or work out a collection alternative with the IRS for these taxes. This raises the question as to whether a debtor can basically pay the IRS estimated payments to satisfy their income taxes for the…