Income Tax Liabilities and Possible Bankruptcy Solutions   Tags: bankruptcy, tax  

When an individual taxpayer becomes indebted to the Internal Revenue Service (hereafter referred to as the IRS), the taxpayer may pursue collection solutions provided under the taxation statues in Title 26 of the United States Code.  However, the taxpayer may have additional creditors or an undesired result from the options available through the tax code.  In such an instance, the taxpayer may desire to file a petition for bankruptcy in order to deal with his financial problems as a whole or acquire additional opportunity to resolve his tax liabilities.  When a taxpayer with tax liabilities files a petition for bankruptcy, the interrelationship between the Bankruptcy Law and Tax Law work together to determine the consequences to the tax liabilities.

This Web Research Guide is designed to provide the reader with a general understanding of the interrelation between Bankruptcy Law and Tax Law, and is NOT intended to be an exhaustive source of all the issues related to Bankruptcy effects on tax liabilities.  The scope of this Guide is focused on the general types of tax liabilities that are dischargeable in bankruptcy. 

This website was created on November 15, 2005, as an assignment in Professor Nancy Johnson’s Advanced Legal Research Class for the Fall 2005 semester.  At that time, Brent Howard was a three year law student at Georgia State University College of Law, and anticipating graduation in May 2006.  He hopes to practice in either tax litigation or estate planning.   

Bibliographies on this Web site were prepared for educational purposes by law students as part of Nancy P. Johnson's Advanced Legal Research course. The Law Library does not guarantee the accuracy, completeness, or usefulness of any information provided. Thorough legal research requires a researcher to update materials from date of publication; please note the semester and year the bibliography was prepared.