BANKRUPTCY LAW: Late, post-assessment tax returns were “tax returns” within the meaning of 11 USC Sec. 523 (a)(1)(B), and debtor’s old tax debt could be discharged pursuant to satisfaction of other statutory requirements. (In re Martin, adversary action vs. IRS) From NACBA: In finding that the Martins filed a “return” and that their tax debt was therefore dischargeable, the bankruptcy court applied the test set forth in Beard v. Comm’r, 82 T.C. 766, 774–79 (1984), aff’d 793 F.2d 139 (U.S. Sixth Circuit Court of Appeal, 1986)
Recent Posts
SCOTUS: Violating Bankruptcy Discharge Serves Up Creditor for Contempt
By Herbert WigginsIn UncategorizedJune 24, 2022The primary purpose of the bankruptcy stay [11 USC […]BANKRUPTCY LAW: The Curious Case of Alex Jones & InfoWars
By Herbert WigginsIn bankruptcy, BANKRUPTCY LAW, creditorsJune 10, 2022Bankruptcy is a legal proceeding that liquidates […]Jurisdiction And Precedential Effect
By Herbert WigginsIn bankruptcy, BANKRUPTCY LAWMay 20, 2022JURISDICTION AND PRECEDENTIAL EFFECT: The bankruptcy […]