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Often Asked Questions Regarding Bankruptcy

Often Asked Questions Regarding Bankruptcy

Communicate with Our Oakdale Bankruptcy Attorneys to find out more

Lamey lawyer, P.A. happens to be serving the residents of Oakdale for over three decades. Below, you’ll find answers that are brief a few of the concerns we receive many. Our team acts throughout Pine Springs, Lake Elmo, Maplewood, Woodbury, Oak Park Heights, and much more.

To find out more, dial (651) 309-8180 to schedule a free bankruptcy consultation.

May I be rid of IRS taxes if we file bankruptcy?

Brief response: Yes, if for example the fees as well as your situation meet with the needs. a bankruptcy that is experienced can figure out if you meet with the skills to discharge or cancel your earnings fees in bankruptcy.

In most cases, taxes may be discharged in bankruptcy: (1) if they’re over 36 months old calculated through the deadline of this income tax return; (2) in the event that taxation statements were filed significantly more than a couple of years ahead of the bankruptcy; (3) in the event that fees weren’t examined within 240 times ahead of the filing associated with the bankruptcy; and (4) as long as the fees aren’t owed by explanation of a “SFR” or replacement for return served by the IRS there are various other demands, such as for example that the fees may not be the consequence of a taxpayer filing a false or tax that is fraudulent, plus the taxpayer cannot have designed to evade or beat the fees. Continue reading