income taxes & Chapt 7
Can you include unpaid income taxes in Chapt. 7? We probably won't be filing until April '08. We pay my husband's income taxes every April (he's a subcontractor) and his taxes aren't taken out of his paychecks throught the year. We'll proabably owe a few thousand in April towards his taxes. Can we put this in the BK, or do we have to pay it separately?
-
-
Nope.
Recent taxes are not Dischargeable. They have to be older than 3-4 years to even be considered Dischargeable.
I used to know the exact time frame, but have forgotten as Taxes weren't an issue for us. Maybe someone who knows will chime in for you with the exact time frame.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen... -
You will have to pay, your taxes for tax year 2007 (for which you will file a return in Apr. 2008), are too recent to be included in the BK. You will have to pay them one way or the other.Comment
Comment