Great questions (and Great Blog Post). I have my first client with four years of back taxes from 2006-2009. He's on a payment plan.
Two questions - a cursory look appears that 2006 and 2007 will be dischargeable based on my research, but I need more information (from client). But not the other two years.
Question #1: How does that work? Put dischargeable debt on Sched F and the remainder on E?
I saw a terrific prior thread wherein several attorneys said it doesn't matter which schedule since they'll be discharged.
But what about the other portion? What do you do after you've listed them? My plan is simply to discuss with IRS and renegotiate payments for Debtors.
Okay - question #3 since the above was two questions:
Is anyone aware of:
https://www.taxdischargedeterminator.com/
I found it on Morgan King's site and have the free trial. Will not totally rely on it, but it looks great and I am curious if anyone has utilized this service.
Thanks!
Sandy
Sandra Maria Nutt, Attorney at Law
5910 Van Nuys Boulevard
Van Nuys, California 91401
Tel: (818) 988-8878
Fax: (818) 988-8339
SandraNutt1234@gmail.com
Web site: SandraNuttAttorneyAtLaw.com
ALU Alumni
http://www.AllThingsALU.com
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> Wow, thats a good point that everyone should note, because for a recently dischargeable tax year it is possible the feds would be discharged if the case were filed between April/October of the first dischargeable year, but the state would not be. Thats a nuance that could bite if not realized in some situations.
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> Steven B. Lever
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Mark T. Jessee
> Sent: Wednesday, March 07, 2012 4:32 PM
> To:
cdcbaa@yahoogroups.com
> Subject: Re: [cdcbaa] Dischargeability of IRS debt
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> Jason's analysis is correct, except for the nuance issue that California has an automatic extension if not filed by April 15, (16, 17 if 15th on weekend) due date. Federal taxpayer must request extension.
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> Mark T. Jessee
> Law Offices of Mark T. Jessee
> "A Debt Relief Agency"
> 50 W. Hillcrest Drive, Suite 200
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> On Wed, 7 Mar 2012 16:21:00 -0800, Jason Wallach wrote:
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> Nick: On your blog, you indicate that the language, "return is last due, including extensions" means that every individual's annual return is due on October 15 each year.
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> Don't the words, "including extensions" mean "including extensions, if any" so that if no extensions are requested, the due date was April 15. So, if no extension was requested, you can discharge the debts (assuming the other two requirements are met) by filing Chapter 7, three years later on April 16.
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> Right or wrong?
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> Jason Wallach
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> jwallach@...
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> On Mar 7, 2012, at 4:02 PM, Nicholas Gebelt wrote:
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> Dear Sofya,
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> I recently posted a blog analyzing in great detail the three requirements that must be satisfied to discharge income taxes. Please take a look at it at
http://www.southerncaliforniabankruptcy ... -tax-year/
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> All the best,
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> Nick
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> Nicholas Gebelt, Ph.D., J.D.
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> Web:
www.goodbye2debt.com
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> Blog:
www.southerncaliforniabankruptcylawblog.com/
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> We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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ilto:
cdcbaa@yahoogroups.com] On Behalf Of sofiya
> Sent: Wednesday, March 07, 2012 3:01 PM
> To:
cdcbaa@yahoogroups.com
> Subject: [cdcbaa] Dischargeability of IRS debt
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> Hello everyone:
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> Debtor had IRS debt from 2007. The tax return was filed on 10/16/2008; assessed on 7/5/2010. Debtor's ch 7 bk was filed on 8/31/2011. The discharge's been granted but IRS keeps sending collection letters and informed the Debtor that the 2007 tax debt was not discharged (b/c the tax debt was NOT more than 3 years old). Can someone please clarify for me. Thank you.
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> Sofya
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