The Tax Man & the Debtor: Peaceably Co-Existing In Bankruptcy

By Eduardo V. Rodriguez

As the economy continues to falter, more and more people are turning to bankruptcy professionals to resolve their debt problems. A large part of consumer, and corporate, debt may include income tax liabilities.

Discharging taxes is very tricky business and even seasoned bankruptcy lawyers experience difficulty accurately determining whether a client's tax debts qualify for a bankruptcy discharge. A comprehensive review of all of the rules regarding the dischargeability of taxes is beyond the scope of this article. This article will, however, briefly discuss the process a practitioner should follow to determine the . . .

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