Nebraska Bankruptcy Attorney
Under certain circumstances, state and federal income tax liabilities can be discharged by filing for bankruptcy. There are a complex set of rules and regulations that are used to determine if this particular tax debt qualifies for discharge.
Typically, an individual will have to sign an acknowledgment form that advises them of the rules and regulations necessary for eliminating and discharging any income tax debt, including:
- That the tax is a tax for income
- That such tax is at least three years from the due date of the return, which means that if money was due for 2002 and the return was filed on April 15, 2003 it is only a dischargeable debt if the bankruptcy is filed after April 15, 2006
- That it has been assessed for 240 days
- That the return was filed on time
- If the return was not filed on time, then it is two years from the date of filing and must have been assessed for a period of 240 days
There are more restrictions, and finer distinctions to be made. This page serves as a brief overview. Do not hesitate to contact a lawyer at Howard T. Duncan, Attorney at Law, to schedule a more in-depth consultation regarding your specific situation.
Contact an Omaha Income Tax Relief Attorney
If you have questions regarding how filing for bankruptcy can help your financial situation, contact Howard T. Duncan, Attorney at Law. We can be reached by phone at 402-216-0313, toll free at 877-237-0128 or online by completing the contact form on this website.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
