What would you like to do?

In you are filing chapter 7 in New York can they take your tax refund even if you are putting it all toward paying for school?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .


This may not be helpful at all, but for what its worth... I have no idea what the exemptions are like in New York, but in Indiana, trustee's couldn't care less what the debtor intended to do with the refund check. Indiana law says you get to keep $100.00 of cash per debtor, period. Anything above that the trustee will keep and distribute to creditors. It is not an issue of what the debtor had planned for the money, or how bad the debtor needed the money, it is simply math: the law says you keep $100.00 and the trustee gets the rest, and that's the end of the analysis. Assuming New York is like Indiana, I would say the trustee will be unmoved by what your plans are for the refund. But, like I said, I don't practice law in New York so maybe there's some exemption over there that is different that what happens in Indiana.
Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
Thanks for the feedback!

If you file a 1099 tax form can you file rapid refund?

Rapid refund and such are done by private companies and are fancy names for very expensive loans. If your paid on a 1099, you were required to make estimated tax payments thro

How long does it take to file chapter 7 bankruptcy?

 Prior to actually filing for bankruptcy, the amount of time to  prepare the paperwork will vary dependingg on the complexity of  your case. Once you have filed a Chapter

Does trustee in Louisiana take your tax refund in chapter 13?

No they do not take your refund from my experience, but they do take the state refund. If they do take it, you can contact the trustee and ask for it back. I was told as long

Do you have to file taxes even if you getting refund?

Yes. Do you think the IRS should just presume that everybody who doesn't file doesn't owe any taxes? 26USC6012 requires anyone having more than a certain amount of income

How can you keep your tax return when you file a bankruptcy chapter 7?

I assume you mean "how do you keep your tax REFUND when you file a chapter 7 bankruptcy?" A tax refund is an asset of the estate and, generally, the trustee will take it. Ther

If you file chapter 13 will it take your income tax?

  Answer   It depends. This varies widely from district to district and even division to division inside of a district. For example, in the Southern District of In

Do you pay taxes on refunds?

  In the U.S., it depends on the type of refund and what's being refunded. Generally, if it's a refund of the price of something you purchased, it's not taxed, assuming th

Why do you have to pay tax on your refund?

Simply because it is considered as "income" ... all income must be reported to the IRS. If your refund is consistently high and you desire not to have to keep paying taxes o

Can a creditor take your federal or state income tax refund to pay a judgment?

If the judgment is for state or federal taxes then any refund is subject to seizure by the agency holding the judgment. If it is a creditor judgment, a tax refund would only b