shortened tax year election

In my last post – the one about the taxation of cancellation of debt income – I promised I’d write about discharging income taxes in bankruptcy.  In fact, I recently published an article on the subject, but the flavor was a bit dry and technical.  I’ll try to make today’s version a bit less so.

By the way, although some articles on that site are ghost-written, I really did write the article.

I.          Discharging Taxes In Bankruptcy

There are two possible scenarios:  discharging taxes in a bankruptcy other than a completed Chapter 13 plan, and discharging them through a completed Chapter 13 plan. 
Continue Reading Discharging Income Tax In Bankruptcy; Splitting The Tax Year