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-   -   401k taxes from a loan and bankrupcty (https://www.askmehelpdesk.com/showthread.php?t=299906)

  • Jan 6, 2009, 11:09 AM
    pierrepfran
    401k taxes from a loan and bankrupcty
    Can you put the taxes from a 401k loan into a chapter 7 bankrupcty?
  • Jan 6, 2009, 11:40 AM
    George_1950

    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

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