Can I discharge taxes in a Chapter 11 bankruptcy?

Yes, you can discharge taxes in a Chapter 11 bankruptcy in Washington. Chapter 11 bankruptcy laws are regulations that allow individuals and businesses to reduce or eliminate their debt through reorganization. This reorganization can include discharging taxes. However, in order for a tax to be discharged through a Chapter 11 bankruptcy filing, certain conditions must be met. First, the tax must meet the qualifications to be discharged. This means that only certain types of taxes qualify for Chapter 11 bankruptcy relief, such as those that are income-based or those that meet certain age requirements. Additionally, it must be determined whether the taxes were incurred through bad acts, such as fraud. Taxes that were incurred through bad acts are generally not eligible to be discharged. Second, the taxes must have been owed for at least 3 years before the filing of the Chapter 11 bankruptcy. This means that taxes must have been due at least 3 years before the bankruptcy filing was made. Finally, the taxes must have been assessed by the IRS at least 240 days prior to filing for bankruptcy. These are just a few of the requirements for discharging taxes in a Chapter 11 bankruptcy in Washington. It is best to speak with a bankruptcy attorney to discuss the specifics of your situation and whether or not taxes can be discharged in your case.

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