History For This Federal Tax: Difference between revisions

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Latest revision as of 21:45, 1 April 2025

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You in order to file a tax return for any particular one year a two year period before the bankruptcy. For eligible to wipe the debt, need to have have filed a taxes for the government or State debt you'll want to discharge at least two years before bankruptcy. Thus, even when the debts are over many years old, should you filed the return late and two years time has not really passed, then you cannot destroy the Government or State tax monetary debt.

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In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% income tax bracket and accelerating some within the changes passed in the 2001 EGTRRA.