Evidently, you can teach an old dog new tricks.
I have a case pending with a significant pre-petition income tax liability and complicated tax transcripts. I’ve read the statute, I’ve sat through the CLE lectures. I missed something. Offers of compromise only toll one of the three deadlines for determining dischargeability of taxes in a Bankruptcy.
Anybody care to guess which one?
Elaine
Elaine,
You posited it, now I am curious. Please share your epiphany.
Ok, come on, Tim! At least take a guess.
Elaine
A tax liability assessed within 240 days
or less, excluding periods during which
an offer in compromise was pending,
plus 240 days;
?????
Is this what you were talking about?