Dischargeability of Income Taxes

Evidently, you can teach an old dog new tricks.

I have a case pending with a significant pre-petition income tax liability and complicated tax transcripts.  I’ve read the statute, I’ve sat through the CLE lectures.  I missed something.  Offers of compromise only toll one of the three deadlines for determining dischargeability of taxes in a Bankruptcy.

Anybody care to guess which one?


Categories: Bankruptcy | 3 Comments

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3 thoughts on “Dischargeability of Income Taxes

  1. Elaine,

    You posited it, now I am curious. Please share your epiphany.

  2. Ok, come on, Tim! At least take a guess.


  3. A tax liability assessed within 240 days
    or less, excluding periods during which
    an offer in compromise was pending,
    plus 240 days;
    Is this what you were talking about?

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