{"id":199,"date":"2010-02-27T12:49:37","date_gmt":"2010-02-27T18:49:37","guid":{"rendered":"https:\/\/kevinkgipson.com\/?p=199"},"modified":"2010-02-27T12:49:37","modified_gmt":"2010-02-27T18:49:37","slug":"can-federal-income-taxes-be-discharged-in-bankruptcy","status":"publish","type":"post","link":"https:\/\/kevinkgipson.com\/?p=199","title":{"rendered":"Can Federal Income Taxes Be Discharged In Bankruptcy?"},"content":{"rendered":"

Whether or not income taxes can be discharged in a bankruptcy will depend upon two main factors:<\/p>\n

    \n
  1. Whether a timely, legitimate tax return was filed; and<\/li>\n
  2. Whether it has been more than three years since the legitimate tax return was filed.<\/li>\n<\/ol>\n

    Generally speaking, there are three types of debt in a bankruptcy:\u00a0 unsecured debt (such as credit card debt), secured debt (such as a mortgage), and priority unsecured debt.<\/p>\n

    Taxes are considered priority unsecured debt, which makes them generally not\u00a0dischargeable in bankruptcy.<\/p>\n

    To make a\u00a0 tax debt dischargeable in a bankruptcy,\u00a0the tax return must be filed so that the time limits for the IRS to audit the return have run.\u00a0 For a legitimate, non-fraudulent return, that period is three years.<\/p>\n

    If the return contains false information and is therefore considered to be fraudulent, then the three year period does not run.<\/p>\n

    Unfortunately,\u00a0some people in financial trouble do not file their taxes with the result that the three year statute of limitations has not run.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Whether or not income taxes can be discharged in a bankruptcy will depend upon two main factors: Whether a timely, legitimate tax return was filed; and Whether it has been more than three years since the legitimate tax return was … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[75,76,67,64,65,77,78,51],"class_list":["post-199","post","type-post","status-publish","format-standard","hentry","category-bankrputcy","tag-dischargeable","tag-fraudulent","tag-kevin-gipson","tag-new-orleans-bankruptcy-attorney","tag-new-orleans-bankruptcy-lawyer","tag-statute-of-limitations","tag-tax-debt","tag-tax-return"],"_links":{"self":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=199"}],"version-history":[{"count":6,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/199\/revisions"}],"predecessor-version":[{"id":205,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/199\/revisions\/205"}],"wp:attachment":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}