Friday, July 1, 2011

IRS New Web Page Offers Tips For Bankruptcy Trustees Who Receive IRS Collection Notices

IRS has created a new Web page that offers useful tips for bankruptcy trustees who receive IRS collection notices. For example, according to the agency, if IRS is a creditor in a bankruptcy case, and a trustee determines that IRS was not originally listed as a creditor, notification of the filing should be sent to IRS to prevent violations of the automatic stay. The page also contains information regarding the last known address of a debtor, the correct address to use on a return, the use of a trustee's address, the issuance of IRS notices, and penalties that may apply to returns filed by the trustee for taxes owed by the bankruptcy estate. The new site can be found at,,id=240599,00.html.

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