My question involves bankruptcy in the state of: Georgia
I filed for chapter 7 last march and have been discharged. When i go file for taxes this year, does the government hold penalize me because i filed bankrupty?
Thanks
My question involves bankruptcy in the state of: Georgia
I filed for chapter 7 last march and have been discharged. When i go file for taxes this year, does the government hold penalize me because i filed bankrupty?
Thanks
No.
Is there something more to your question? What sort of penalty are you envisioning?
no that answered it. I thought i heard somewhere that the debt you get discharged could be consider income? Maybe i just misunderstood. Thanks for answering my question
Bankruptcy is not a taxable event.