0
What happens to a joint tax refund totaling over five thousand dollars if your spouse files an individual Ch 7?
Wiki User
∙ 19y ago
The answer to this question may vary from district to district, but it has been my experience that trustees normally make the debtor determine how much of the $5,000.00 belongs to the debtor and how much belongs to the non-filing spouse, and then the trustee only takes the portion which belongs to the debtor. This may not be as simple as it seems, since it may be unclear how to divvy up various deductions between the debtor and the non-filing spouse. As a rule of thumb, I would divide the tax refund check by the percentage of overall income each spouse contributed to the household, and the trustee will probably take the percentage the debtor contributed. 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.
Wiki User
∙ 19y ago
Add your answer:
Earn +20 pts
What is a persons greatest asset?
Opinion question dependent on individual values- I believe whatever their source of strength happens to be, and can be almost anything
What happens if you do not file income tax for one year?
It really depends on your individual situation. If you dont file taxes and then you owe then you are subject to penalties and fines for filing late as well as interest on the debt that you owe. If you are entitled to a tax return and do not file nothing comes of it. You can go back for up to three year and file, but after three years that statute of limitations runs out.
What happens to pensions when an LLC is dissolved?
you lose it all
What happens when equipment is purchased on credit?
assets and liabilities increase
What happens when expenditure exceeds income?
We can say that the business is in profit
What happens if you have infinity dollars?
If you had an infinite quantity of dollars, then dollars would be meaningless.
What happens to a mountain in a thousand years?
they expand and contract
What happens if you give Slenderman 20 dollars?
Slenderman would be 20 dollars richer.
What happens to the swan in the epigraph about the swan and the thousand?
It is taken away
What happens to the individual atoms in a chemical reaction?
They are rearranged
What happens when an individual is not socialized?
They obtain Social Anxiety.
What happens to the swan in the epigraph about the swan and the thousand il?
It is taken away
How often is a millennium?
A millennium happens once every thousand years.
What actors and actresses appeared in The Conspiracy Against the Individual that Happens to Be Me - 2013?
The cast of The Conspiracy Against the Individual that Happens to Be Me - 2013 includes: Nikos Dionysios as Sir- Diogenes -Voice
What happens to individual atoms when a chemical reaction occurs?
They are rearranged
What happens once in a million years but never in a thousand years?
The letter M.!
In stick RPG what happens if your president?
What happens is every time you go to sleep you get 5000 dollars for your political career.
