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Your refund is for overpayments into that "savings account" with the Gov't to pay your taxes and was done with the money made BEFORE you filed, so it is part of the BK. Withholding is under your control, YOU had too much withheld all through 2008 (you could have had 100% of your earnings put into the tax account), that could have been used to pay your debts....why should you get to keep it now?
What else can I help you with?
You just filed for bankruptcy and also got your 2008 refund will that be added to income in2009?
I filed my Federal taxes for 2008 and just received a refund and I am in the process of filing bankruptcy this month will that refund be added as income to the bottom line?
You expect a tax refund this year will filing chapter 13 bankruptcy in 2008 affect your refund?
The amount, no Will some part of it likely be used to pay your debts (because if you didn't have too much withheld that is what I'm sure you would have done with it then), yes.
I filed for bankruptcy 9-2009 It was discharged in 2009 and my refund for tax year 2008 was disclosed and not touched will I get my 2009 refund?
Yes
Chapter 13 Bankruptcy filed october 2008 will owe 2500.00 for 2008 in federal tax can this be added?
Probably...at least the amount relative to income made PRIOR to the filing.
I filed for bankruptcy in 2007 it was final Feb 2008. Will the trustee take the stimulus check as they did my tax refunds?
Probably not..first off, if your finalized, it's pretty much a done deal.Your refund this year was for income and taxes you had withheld last year...which were prepetition. You could have had all your income withheld....and delayed on filing your return till a year from now...it wouldn't change that the refund is an overpayment of withholding from earning from before you filed...that would have otherwise been able to be used to pay your debtors.This stimulus check...while what the heck it actually is may not be terribly clear....it's easier to say it is just an early refund of your 2008 filing...and hence POST petition.
You cannot seem to locate your tax forms for 2007 and 2008 and you need your income for those 2 years for filing bankruptcy where can you get that info by tomorrow?
You either have it, or your accontant - filing service does, or your dreamin if you think the IRS will respond that quickly!
If you file bankruptcy Ch 7 in December 2008 in the state of Florida middle district will your income tax refund for 2008 be taken away?
Very likely...the refund is because you had more money than needed withheld from your paycheck and pu in (essentially) a savings account at the IRS to pay your eventual liability. This money, earned and saved pre-filing, had you not had it put aside (or had you correctly estimated and completed the W-4 so the right amount was withheld), would have been available to pay the creditors. You know, you could literally have had 100% of your pay withheld....think it makes sense youc could get and keep it after filing BK?
Can you file bankruptcy even if you have tax liens on your house from 04 05 06 They were just put there in 2008 Im on permanent disability cant work what can I do pls help don't want to sell?
Filing bankruptcy does not alter or protect you from paying your tax lien.
You were told by an attorney's office that you can file Ch 7 in March of 2008 despite a filing for Ch 7 in March of 2001 Is this correct?
The answer is no. You must wait 8 calendar years before filing again. At one time it was a 7 year period.
Too late to file 2007 taxes?
You have three years from the filing deadline to file your income tax return to receive your refund. Taxes for 2007 were due on April 15th 2008. You have until April 15th 2011 to file to receive a refund. Never if you have a tax liability.
Is it too late to send 1099 Misc forms to subcontractors that I paid in 2008?
Yes, the deadline was March 31 at the latest for online filing.
Is it legal for the courts to take inc tax refund if you file bankruptcy?
The court can of course....you have placed all your financial affairs in their hands. And cosider, if the refund is for over withholding from work you did in 2008, and you didn't file BK until 2009...that is prepetition money and rightfully should be used to pay your Pre P creditors.
