Income tax debts may be eligible for discharge under Chapter 7 or Chapter 13 of the Bankruptcy Code. Chapter 7 provides for the full discharge of allowable debts, meaning that you never have to pay those debts. Chapter 13 provides a payment plan to repay some debts, with the remainder of debts discharged. Under the […]
Posts Tagged ‘Crimes’
On January 11, 2012, National Taxpayer Advocate Nina E. Olsen released her annual report to Congress. According to Olsen, as a result of underfunding and increasing workload, the Internal Revenue Service continues to create problems for taxpayers that result in inadequate taxpayer service, erosion of taxpayer rights and reduced tax compliance, which means that compliant […]
