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If in a chapter 13 bankruptcy and money is owed on taxes can that debt be added to the bankruptcy?
Wiki User
∙ 11y ago
Yes.
Everything you owe and everything you own are included...they all must be or you are committing a fraud. Each are given different priorities...some may be exempt...some may be discharged, some may not be given any break at all.
Wiki User
∙ 15y ago
Wiki User
∙ 11y agoWiki User
∙ 16y agoALL assets and ALL liabilities are included.
Each are given different priority.
Taxes are a liability.
They are included and given their priority.
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If you owe the IRS and you are under a Chapter Thirteen bankruptcy can you taxes be taken?
Yes.
How many times can you file Chapter 7 bankruptcy and can you claim taxes?
No limit
Can you include taxes owed from 2008 in a Chapter 7 bankruptcy filled in 2009?
Yes
Can you include taxes owed from 2007 in a Chapter 12 bankruptcy filed in 2008?
I believe you pretty much have to.
Can property taxes be discharged in chapter 7 bankruptcy in Texas?
TAXES in CHAPTER 7sorry to tell you , but in Texas property taxes can not be discharged in any bankruptcy.As laws change every year it would be best to check with the city you live in
Does bankruptcy protect you from paying back taxes?
No, the IRS always gets its money.
If you filed chapter 7 in 2005 and your house was foreclosed on in 2007 do you have to pay taxes on it?
If the foreclosure was not part of the bankruptcy, yes.
Will chapter7 bankruptcy clear dept?
A chapter 7 bankruptcy is the nuclear bomb of debt clearing. It will however, not get rid of certain taxes, preference payments, college loans, and other not dischargeable debts.
Can you file for bankruptcy even if you owe back taxes?
Yes, you can, and you may be able to discharge the taxes owed, if they are income taxes for returns filed more than three years prior to filing, unless there are more recent adjustments to the taxes owed.You can also file a Chapter 13 to arrange a payment plan for the taxes, though the IRS has become more amenable to reasonable payment plans without a bankruptcy filing.Consult an experienced bankruptcy lawyer in your area.
How long should a person wait after a chapter 13 bankruptcy is dismissed to file income taxes for that year to guarantee to receive the refund?
You have to file your income taxes yearly regardless of whether you have filed for bankruptcy or not. Yes, IRS may garnish your refunds to pay toward your debts. If your bankruptcy is over however, you don't have to worry about that.
You just filed for bankruptcy and also got your 2008 refund will that be added to income in2009?
I filed my Federal taxes for 2008 and just received a refund and I am in the process of filing bankruptcy this month will that refund be added as income to the bottom line?
Can you include back child support payments in a chapter 7 bankruptcy?
No child and/or spousal support are not dischargeable in a chapter 7 BK. It is my understanding that child support, student loans, taxes owed, and things along that line cannot be included in a bankruptcy.
