You can't avoid paying taxes on assets you sell after a bankruptcy. Â At least if you're a farmer. Â Sally P. Schrieber at the Journal of Accountancy reportsÂ The U.S. Supreme Court ruled Monday that farmers who sold farm assets during a bankruptcy reorganization under Chapter 12 of the Bankruptcy Code were liable for the full amount of the capital gains tax that resulted from the sale (Hall,Â Sup. Ct. Dkt. No. ...Read more ›
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