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View Full Version : 401k taxes from a loan and bankrupcty


pierrepfran
Jan 6, 2009, 11:09 AM
Can you put the taxes from a 401k loan into a chapter 7 bankrupcty?

George_1950
Jan 6, 2009, 11:40 AM
Check this: "In simple language, unless secured, income taxes are not excepted from discharge, and consequently are dischargeable if:

A return has been filed;
If filed, assessment was not based on fraud;
If filed late, the return was filed two years or more before the bankruptcy petition;
The tax return, with extensions, was due three years or more before filing of the bankruptcy petition; and
Tax liability was assessed more than 240 days before filing of the petition."
Dischargeability of Income Tax Bankruptcy (http://library.findlaw.com/1999/Aug/1/127981.html)