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IRS Publication 908

The IRS Publication 908 is a document published by the Internal Revenue Service (IRS) that provides information on how federal income tax should be treated in the case of bankruptcy.

If someone files for bankruptcy, all their assets are placed in a bankruptcy estate, and assigned its own Employer Identification Number (EIN). If someone files for Chapter 7 or Chapter 11 bankruptcy, the bankruptcy estate is treated as a separate entity.

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