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If you filed Chapter 7 last year but were given a 10K exemption do you have to claim this on your income tax this year?
Wiki User
∙ 19y ago
No
Wiki User
∙ 19y ago
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Can you claim your daughter as a dependent if she filed income tax?
If you and her meet all of the rules for her to be your qualifying child dependent on your income tax return yes.Go to the IRS gov web site and use the search box for Publication 17 (2009), Your Federal Income Tax for IndividualsGo to chapter 3 Exemption
Can you claim your child if they file taxes too?
Yes as long as all of the rules are met by and the child to be your qualifying child dependent on your income tax return. Dependent not allowed a personal exemption. If you can claim an exemption for your dependent, the dependent cannot claim his or her own personal exemption on his or her own tax return. This is true even if you do not claim the dependent's exemption on your return or if the exemption will be reduced under the phaseout rule described under Phaseout of Exemptions, later. Make sure that the dependent indicates on the 1040 income tax return that him/her is using indicates this and cannot claim the 3650 exemption amount on the income tax return that is being filed.
Is it necessary to obtain a lawyer for the conversion of chapter 13 to chapter 7?
No. The person would file a "motion to convert" and fill out the required forms. The party involved should make certain that they claim all their legal exemptions particularly the Homestead Exemption,(if it's applicable). Some states it is required that the homestead exemption be filed before filing a 7 or it will not be valid.
If you filed Chapter 7 in April of the current year do you have to claim anything on your income taxes this year?
Absolutely. depending on the filing and your income, deductions etc. It can become complicated. The safest route is to have your return(s) done by a professional tax preparer.
Who can file a proof of claim in any bankruptcy proceedings?
In a chapter 7, with a no-asset notice, no claim can be filed. In a chapter 13, all creditors should file a proof of claim within the time period provided.
Do I have to to file income tax returns for state of Maine if i filed a federal tax return and and have 0 adjusted gross income?
If you are a residentof Maine who is required to file a federal income tax return, you must file a Maine income tax return. If you are not required to file a federal return, but do have income subject to Maine income tax resulting in a Maine income tax liability, a Maine return must be filed. You do not have to file a Maine income tax return if you meet all of the following requirements: 1) your Maine taxable income is $2,000 or less, 2) you claim yourself as an exemption on your return, AND 3) you are not subject to the Maine Minimum Tax. However, you must file a return to claim any refund due to you.
What if you forgot to claim one of my income on my income tax?
I forgot to claim one of my income when I filed my 2006 income taxes. It is now 2008 and the IRS is slapping me with an interest and penalty charges. Can I file the missed income/W-2 on my next years (2009) income tax?
Can a chapter 7 be filed with an open chapter 13?
A Chapter 7 can be filed with an open Chapter 13.
TN homestead exemption?
The TN homestead exemption stand for the Tennessee homestead exemption. The Tennessee homestead exemption protects some of the home equity when bankruptcy is being filed.
Will the amount of child support be effected as in decreased because ex husband has filed chapter 13?
Only if his income has significantly decreased.
Can you be sued while under bankruptcy?
The answer to this question depends on a number of important factors, including when the claim arose, what type of bankruptcy has been filed and whether the type of claim is exempt under state law. In a Chapter 7 bankruptcy, the court appoints a trustee who is responsible for collecting and selling all of your nonexempt assets for the benefit of your creditors. The lawsuit or potential claim must be disclosed in your bankruptcy papers like any other asset. The trustee might have a claim or lien on the proceeds from the lawsuit. If the claim arose after you filed for Chapter 7, then the trustee has no interest in the lawsuit. In a Chapter 13 bankrupty, you generally keep all of your property while you make payments. In order to keep all of your property, you must pledge to pay all of your excess income over a period of 3-5 years for the benefit of creditors. The lawsuit MIGHT be income that needs to go into the Chapter 13 plan.
If someone files chapter 13 in 2004 can chapter 7 now be filed?
if you filed chapter 13 and it was discharged in 2005 can you file chapter 7 in 2009
