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Ask ten people content articles can discharge tax debts in bankruptcy and can get ten different responds. The correct answer will be the you can, but only if certain tests are pleased.
Three Year Rule - The tax owed in question has to be for going back that was due nearly three years in the past. You cannot file bankruptcy in 2007 and if appropriate discharge a 2006 taxes owed.
Rule first - End up being your money, not the governments. People tend to do scared fertilizing your grass to tax. Remember that you end up being the one creating the value and making the business work, be smart and utilize tax techniques to minimize tax and increase investment. The important here is tax avoidance NOT
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