SBA loan

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Yes, but only in the first full calendar year after the discharge. - John D. Faucher818/889-8080
On Wednesday, April 29, 2015 9:46 AM, "Kirk Brennan kirkinhermosa@gmail.com [cdcbaa]" wrote:
My understanding of SBA loans is that the Treasury Department can continue to offset tax refunds indefinitely (irrescpective of any statute of limitations).
If the debt is discharged in bankruptcy, does the Treasury Department stop those offsets?
Kirk Brennan
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Yahoo Bot
Posts: 22904
Joined: Sun Oct 18, 2020 11:38 pm


My understanding of SBA loans is that the Treasury Department can continue
to offset tax refunds indefinitely (irrescpective of any statute of
limitations).
If the debt is discharged in bankruptcy, does the Treasury Department stop
those offsets?
Kirk Brennan
CONFIDENTIALITY NOTICE: This e-mail and any attachments are for the
exclusive and confidential use of the intended recipient. If you are not
the intended recipient, please do not read, distribute or take action in
reliance on this message. If you have received this message in error,
please notify us immediately by return e-mail and promptly delete this
message and its attachments from your computer system. We do not waive
attorney-client or work product privilege by the transmission of this
message.
TAX ADVICE NOTICE: Tax advice, if any, contained in this e-mail does not
constitute a "reliance opinion" as defined in IRS Circular 230 and may not
be used to establish reasonable reliance on the opinion of counsel for the
purpose of avoiding the penalty imposed by Section 6662A of the Internal
Revenue Code. The firm provides reliance opinions only in formal opinion
letters containing the signature of a director.
My understanding of SBA loans is that the Treasury Department can continue to offset tax refunds indefinitely (irrescpective of any statute of limitations).If the debt is discharged in bankruptcy, does the Treasury Department stop those offsets?-- Kirk BrennanCONFIDENTIALITY NOTICE: This e-mail and any attachments are for the exclusive and confidential use of the intended recipient. If you are not the intended recipient, please do not read, distribute or take action in reliance on this message. If you have received this message in error, please notify us immediately by return e-mail and promptly delete this message and its attachments from your computer system. We do not waive attorney-client or work product privilege by the transmission of this message. TAX ADVICE NOTICE: Tax advice, if any, contained in this e-mail does not constitute a "reliance opinion" as defined in IRS Circular 230 and may not be used to establish reasonable reliance on the opinion of counsel for the purpose of avoiding the penalty imposed by Section 6662A of the Internal Revenue Code. The firm provides reliance opinions only in formal opinion letters containing the signature of a director.

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