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Professor Georgakopoulos among Amici in Bankruptcy Case Involving Late Tax Returns
09/11/2024
IU McKinney Professor Nicholas Georgakopoulos is among four legal scholars who have filed amicus briefs urging the United States Supreme Court to review a decision from the Ninth Circuit. The decision found that late-filed returns prevented a taxpayer from discharging his federal tax debt in bankruptcy. A story about the filing was published by Law360.
Approaches to whether late-filed returns are valid under bankruptcy law varies depending on where the petitioner lives, meaning bankruptcy and tax laws are not applied uniformly. Circuit courts developed separate tests, subjecting debtors “to dramatically different consequences for a late-filed return” based on geography, the law professors’ amicus brief reads. The case is Salvador v. U.S., case number 24-108, in the U.S. Supreme Court.
Professor Georgakopoulos is the Harold R. Woodard Professor of Law at IU McKinney. He produces scholarship in the intersection of business and uncertainty. He is the author of The Logic of Securities Law, Principles and Methods of Law and Economics, a coauthor of the multi-volume Blumberg on Corporate Groups, and numerous articles that have received broad citation, including previous opinions by the U.S. Supreme Court.
