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This tax credit is much simpler to obtain if you have a child, but that won't mean a person need to will automatically get they. In order to find the EIC on the basis of your child, the infant must be under eighteen years of age, under age twenty-four and currently taking post-secondary classes, or anjing over eighteen regarding age with disabilities that are cared for by a parent. Clients must be aware that different rules apply as soon as the IRS has now placed a tax lien against them.
A bankruptcy may relieve you of personal liability on a tax debt, but utilizing some circumstances will not discharge a nicely filed tax lien. After bankruptcy, the irs cannot chase you personally for the debt, however the lien will remain on any assets so you will never be able to market these assets without satisfying the outstanding lien.