![]() ![]() ![]() Įxample: If the taxpayer requests a four month automatic extension to file his 2003 federal income tax return, the taxes can not be discharged in bankruptcy unless the bankruptcy is filed on or after August 16, 2007.ĭue Date of Tax Return Controls - Not The Actual Date the Tax Return is Filed. If an automatic extension is requested, the 3 year time period will not expire until the last date of the extension period which is generally August 15th. For federal income taxes, if no extension is requested, the 3 year time period will elapse on April 15 of the 3rd year following the tax year in question. Įxtensions: The 3 year time period does not expire until the due date for filing the tax return. More than 3 years must elapse between the bankruptcy filing date and the date the income tax return was last due, including all extensions.Įxample: 2003 federal income taxes can not be discharged in bankruptcy unless the bankruptcy petition is filed on or after. The tax debt can be discharged (eliminated) only if all of the following three requirements are met with respect to each tax year. Income tax debts can be discharged in bankruptcy. THE THREE RULES for Eliminating Income Taxes (Missouri and Federal) ![]()
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