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I suspect you mean refund checks? Depending on some things, like when the tax was paid and when the BK was filed, the refund is like any other asset and available to creditors. The trustee or court would take it and pay it to creditors according to their standing in the case.
A tax refund is just paying you back what you overpaid. So if you filed BK in Dec and overpaid tax Jan to then...if you had paid the correct amount, that $ would have been available to creditors to pay your debts. If you filed in say Jan, well very little of the overpayment is due to your pre-petition earnings...theat is the assets that could be used to satisfy creditors.
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If you are current with your bankruptcy payments will the IRS keep your income tax check?
No
Can bankruptcy trustee keep tax rebate checks if they are small?
Funny question - you mean keep it because it's smallenough that you don't care about? Because any amount you can pay those you promised would and haven't, is big enough that they do care!
Will you get your tax refund if you file for bankruptcy?
Whether you are entitled to your tax refund will depend on what type of Chapter of bankruptcy you are filing and whether the bankruptcy exemptions can be used to protect the tax refund. If you are filing for Chapter 7 bankruptcy then you can generally keep the refund if the available state bankruptcy exemptions provide protection for it. If you are in a Chapter 13 bankruptcy you are typically required to turn over the tax refunds during the life of the Chapter 13 case.
Do you keep a tax refund after bankruptcy?
Has the chapter 13 bankruptcy been discharged (completed)? If not then in your bankruptcy agreement for repayment it probably states that you must surrender any tax return to the repayment schedule. Read your entire agreement and consult with your attorney to be sure.
Are the stimulus checks exempt from the bankruptcy courts?
No...
What happened if you continue bounced checks after filed bankruptcy?
It's criminally illegal to bounce checks. Many people go to jail for this...with our without the bankruptcy.
Which taxes are not eligible for bankruptcy?
Payroll taxes and penalties for fraud are not it is not eligible for bankruptcy. If the debtor filed a tax return for the relevant tax years at least two years before filing, then it is not eligible for bankruptcy. If the tax debt is from a tax return that was originally due at least three years before filing for bankruptcy then it is not eligible for bankruptcy. If the IRS assessed the tax debt at least 240 days before the debtor filed for bankruptcy, then it is not eligible for bankruptcy.
You have past tax debt in chapter 13 bankruptcy Will you still get your stimulus check?
Unless the Internal Revenue Service has made a mistake, any tax owing is due and payable whenever income is generated. This means that there will be no stimulus check issued.
What day do state income tax checks come out?
what day do the Michigan tax checks come out
Do online credit checks help you avoid bankruptcy?
Yes online credit checks help you avoid bankruptcy. You can check it online and make sure everything is 100% accurate.
Can you file Chapter 7 bankruptcy on bounced checks?
No, you cannot.
Can tax liens be dismissed under Chapter 7 or Chapter 13?
Even if you discharge a tax debt in a bankruptcy (which can be done in limited circumstances), the lien associated with that debt is not released by bankruptcy proceedings. The result is that you may come out of bankruptcy with no tax liability, but there may still be a lien on your property. That lien attaches to any equity in your assets that existed prior to the bankruptcy and was exempted in the bankruptcy. For example, if you owned your house and filed bankruptcy with $20,000 of equity in your home, you may have been able to exempt that equity in the bankruptcy through a homestead exemption (so that you could keep your home). If that happened, after your bankruptcy was discharged the IRS would still have a lien against you that attaches to that $20,000 of equity (but not to any equity that accrues after the bankruptcy filing).
