Florida Bankruptcy Lawyers on Taxes, IRS, & State Assessments

11 U.S.C. 523. - Exceptions to discharge - provides (a) discharge under section 727, 1141, 1228(a), 1228(b), or 1328(b) of this title does not discharge an individual debtor from any debt - (1) for a tax or a customs duty - (A) of the kind and for the periods specified in section 507(a)(2) or 507(a)(8) of this title, whether or not a claim for such tax was filed or allowed; (B) with respect to which a return, if required - (i) was not filed; or (ii) was filed after the date on which such return was last due, under applicable law or under any extension, and after two years before the date of the filing of the petition; or (C) with respect to which the debtor made a fraudulent return or willfully attempted in any manner to evade or defeat such tax.

Florida Bankruptcy Lawyers In Practice

Only taxes which were declared, due, and payable, more than two before filing Florida bankruptcy are dischargeable. Any deviation from full disclosure will prevent discharge. In practice, expect liens to attach before the expiration of two years. Tax liens will be enforced against specific property regardless of filing.

Be aware the application of law to each individual is unique. Depending upon personal assets, liabilities, and financial history, all benefits may not be available. The most successful debtors retain Florida bankruptcy lawyers and plan well in advance. Through planning, with the assistance of qualified Florida bankruptcy lawyer, optimal timing, selective payments, and exemptions are most likely to be achieved without question.

Back to Florida Bankruptcy Lawyers FAQ table of contents.