Back Taxes
I am assuming that tax debt is not eliminated if the debtor files for bankruptcy protection; if so, is there a statute of limitations on accrual of fines and/or repayment of the tax debt?
Asked on 3/13/01, 2:47 pm
2 Answers from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: Back Taxes
If the debt is over 3 years old it may be eligible for discharge in bankruptcy. Check with a local bankruptct attorney.
Answered on 5/23/01, 9:44 am
Norman Nadel
Norman Nadel, Esq.
Re: Back Taxes
Under cetain circumstances IRS tax debts which are more than three years old can be eliminated in a bankrucpty proceeding
Answered on 5/29/01, 9:06 am
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