Does bankruptcy clear tax debt? What you need to know
Bankruptcy doesnât clear most tax debt, but it can clear some. Income tax debt thatâs at least three years old may qualify if returns were filed honestly.
Trust fund taxes are a common form of tax withholding. These are the taxes that W-2 employers withhold from their employeesâ paychecks for Medicare, Social Security and income tax programs. They are otherwise known as payroll taxes. Letâs break down ⦠Continue reading â
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