Tax liability not discharged in bankruptcy

November 23, 2009

A husband and wife’s bankruptcy did not extinguish their federal income tax liability relating to a previously filed joint return, the 9th Circuit has ruled in affirming a U.S. Tax Court decision. In 1991, the IRS assessed a $70,000 income tax liability against the taxpayers with respect to their 1990 joint

Read more:
Tax liability not discharged in bankruptcy

Comments

• Revitalization Partners

  Revitalization Partners is an international specialty management services firm that provides hands-on interim executive management and advisory services to client companies.

  We specialize in under-performing, turnaround, bankruptcy and workout situations as well as repositioning companies faced with changing market and funding situations.

  Please review our
  Case Studies to see a sample of the many companies we have helped over the years.