lexi Posted April 4, 2007 Posted April 4, 2007 After 10% and then 100% taxes have been assessed pursuant to 4971(a) and (b), respectively, what lien priority does IRS have with respect to those liens? I found literature discussing the IRS's position that it is entitled to administrative priority in bankruptcy proceedings. Some Circuits have accepted this while others haven't. Has anyone heard anything recent about this?
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