Welcome to our page about the IRS Transcript codes for bankrupting taxes. To determine the exact date when you can bankrupt the income or dischargeable portion of a trust tax, you must obtain the tax transcript and review these key codes. The IRS has updated its transcript format to enhance the protection of taxpayer data…
Sometimes you want to sue either the IRS or the state tax department in bankruptcy court to determine if the tax was discharged. Income taxes can generally be discharged three years after the return is due. You can ask the judge to determine whether or not you successfully discharged your tax debt. After all, do…
This is how to get the IRS account transcript you need in minutes. Discharging Kentucky and Indiana income taxes in bankruptcy is no different from discharging IRS federal income taxes. Accountants and lawyers used to file Form 8821 or 2848 in order to get them but now this can be done online. Below, we show…