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Latest revision as of 00:20, 21 May 2026


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You didn't committed fraud or willful bokep. You'll be able to wipe out tax debt if you filed a false or fraudulent tax return or willfully attempted to evade paying taxes. For example, if you under reported income falsely, you cannot wipe out the debt once you have caught.

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If buy a national muni bond fund your interest income will be free of federal taxation (but not state income taxes). In case you buy circumstances muni bond fund that owns bonds from household state this interest income will likely be "double-tax free" for both federal while stating income value-added tax.

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