By Michael O'Leary | Published August 30, 2012 | Posted in Bankruptcy | Tagged Tags: bankruptcy, tax debt, taxes, two year rule | Leave a comment
Discharging Income Taxes and The Two-Year Rule for Late Filed Tax Returns
It is clear that a tax debt is not dischargeable in bankruptcy if a return for the year in question is not filed. See 11 USC § 523 (a)(1)(B)(i). However, The 2 Year Rule provides that taxes due based upon a late filed return (filed after its due date and any extensions) are dischargeable if Read More
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