Free tool

Bankruptcy Tax Discharge Calculator

Income tax debt can be discharged in bankruptcy if it passes three timing rules. Enter the dates from the IRS account transcript and see where they fall. Sarasota County cases are filed in the Middle District of Florida, Tampa Division.

Return due date (including extensions)For most 1040s, April 15 of the following year, or the extended October date if you filed Form 4868.Date the return was actually filedThe date the IRS received your return. If the IRS filed a substitute return for you, talk to a tax attorney. SFR years follow different rules.Assessment dateFrom your account transcript: Transaction Code 150 (or 290/300 for later assessments).Planned bankruptcy filing dateThe date you expect to file the petition in the Middle District of Florida, Tampa Division.