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 http://www.irs.gov/businesses/small/article/0,,id=240599,00.html.