Sentences with phrase «liability than the prior year»

Not exact matches

The exception to the rule are income taxes for which a return was due more than three years prior to filing the bankruptcy case, and for which the return was filed at least two years prior to filing the bankruptcy case, and in which the tax liability has been assessed at least eight months prior to the bankruptcy case.

110 % of your prior - year tax liability if your adjusted gross income (AGI) last year was more than $ 150,000 or $ 75,000 if you and your spouse file separately.

Finally, if your income tax payments are equal to or greater than your prior years» income tax liability paid, you won't have to make estimated tax payments.