The US Internal Revenue Service (IRS) has filed tax claims in the FTX bankruptcy as the defunct exchange’s creditors seek fund reimbursement. This recent report shows the IRS filed dues of $44 billion in taxes associated with FTX and its subsidiaries. The disclosure revealed the agency filed the tax bill under administrative claims, prioritizing them over the creditors’ claims in the bankruptcy case. Will Court Prioritize IRS Claims Over Creditors? A filing by the IRS claiming billions of dollars in tax owed by Alameda Research has been circulating online. The filing shows the IRS is claiming over $20.4 billion in unpaid partnership and payroll taxes from Alameda Research alone under administrative priority. Related Reading: Bitcoin Price Blasts Above $28,000 Following 4.9% April CPI Report The IRS filed 45 claims worth $44 billion in unpaid taxes from the now-bankrupt FTX exchange and its sister companies. However, the tax filing category under administrative priority has drawn more attention than the amount after circulating the Internet. A section of the US Bankruptcy Code states that claims under administrative expenses receive priority distribution. That means a ..
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