2007-10-05 09:26:28 · 7 answers · asked by rockwyou 1 in Business & Finance ➔ Taxes ➔ United States
The government can be ruthless when you owe them money. I've heard of elderly people as well as younger too losing their homes from over due taxes.. But, if they owe you money it may take quite a while for you to collect it. I've also heard of them putting an attachment on your future wages so that a percentage of whatever you earn will go to them first. The government has no heart.
2007-10-05 09:40:40 · answer #1 · answered by Ladybug II 6 · 1⤊ 0⤋
No. An audit has to do with accuracy of the return and determining how much you owe. Bankruptcy has to do with whether you pay what you owe, to whom you pay it, when you pay it, and what percentage of the total owed you pay.
2007-10-05 09:58:31 · answer #2 · answered by StephenWeinstein 7 · 0⤊ 0⤋
No. Government has first claim on EVERYTHING, even in court (which is still part of government). Back taxes are always owed first before secured and general creditors.
2007-10-05 09:45:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Nope. Plus any debt to the US Govt does not go away in either Ch7 or Ch13
2007-10-05 09:34:30 · answer #4 · answered by Bob D 6 · 1⤊ 0⤋
Afraid not - taxes never go away
2007-10-05 09:30:44 · answer #5 · answered by chase5764 3 · 1⤊ 0⤋
No, the two are unrelated.
2007-10-05 09:33:59 · answer #6 · answered by Bostonian In MO 7 · 1⤊ 0⤋
NO.. sorry, good luck
2007-10-05 09:33:56 · answer #7 · answered by Jan Luv 7 · 1⤊ 0⤋