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CAN TAX DEBT BE DISCHARGED IN INDIANA BANKRUPTCY?

In the video below, Indianapolis Bankruptcy Attorney John F. Bymaster addresses the question:  Can tax debt be discharged in Indiana Bankruptcy?

CAN TAX DEBT BE DISCHARGED IN INDIANA BANKRUPTCY?

Several of our Central Indiana clients ask about discharging income tax debt when they file for bankruptcy.  Indianapolis Bankruptcy Attorney John Bymaster knows about bankruptcy and reports that Indiana debtors can discharge tax debt that is 3 years old.  Remember that the general rule for discharging debts from the IRS or the Indiana Department of Revenue is that they must be three years old.

There are some special rules and regulations involved in discharging tax debt when filing either Chapter 7 or Chapter 13 Bankruptcy in Indiana.  One of the special rules is that the tax returns have to be filed 2 years before you filed for bankruptcy and you had to file them yourself.  If the IRS files your taxes for you, it may not count.  No newly accessed tax debt can be made within 240 days before the bankruptcy case is filed.

There are special rules to discharging tax debt, so it is important to  contact our office or a tax accountant for details.

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To find out if your tax debt can be discharged in Indiana bankruptcy, contact our office at 317-769-2244 for a free consultation with Indianapolis Bankruptcy Attorney John Bymaster.