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Many courts have established a list of recurring factors for determining whether an interest constitutes debt or equity.

https://smartasset.com/taxes/what-is-tax-debt
Tax debt occurs when you don't pay your taxes in full by your filing deadline, typically April 15. For most workers, this isn't a concern. If ...

https://www.hrblock.com/tax-center/irs/audits-and-tax-notices/tax-dictionary-tax-debt/?srsltid=AfmBOorH2TsbeUIumNmw36PWc_B4SKWbfmpH6-DwsYIyS6JaomOAecZc
More from H&R Block. Any time you don't pay the tax balance shown on your federal income tax return in full by the due date, you create a tax debt.

 

 

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