Can IRS Taxes be Discharged?
As the old saying goes, “The two things you can’t avoid are death and taxes”. Under certain circumstances, taxes can be discharged. It’s basically all a matter of timing. If the income taxes are for a tax year that’s over three years ago and you filed your tax return for that year a least two years ago AND the taxes weren’t assessed within the last 240 days, your in luck. If you’re reading this in 2011, the tax years you can get rid of are 2007 and earlier if you filed the return over two years ago and haven’t recently been assessed taxes for 2007. This is a very tricky area and timing is everything.
