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What is the percentage a trustee usually takes from your tax refund?
Ccerica
There seems to be some flexibility in this, but it shuld represent thr portion that represents that part of the year that is pre-petition overpaid. That is the amount that was "extra", put into the savings account at the IRS if you will, from before petition - hence a BK asset that should be available to creditors. If your earned your income evenly through the year, and withholding was likewise, and say you filed on 4/1, then 1/4 would be indicated.
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∙ 15y ago
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How long do it takes for a trustee to refund your tax refund after canceling chapter 13 bankruptcy?
60days
How long does out take to get an Idaho state refund?
it usually takes about 2-3 weeks unless the government suspects you of cheating on your taxes
How long does a person remain a trustee for a beneficiary?
The duration of a person's role as a trustee for a beneficiary can vary. It can be outlined in a trust document or decided by the terms of the trust. In some cases, a trustee may serve until the trust is terminated or until a successor trustee takes over.
What is the difference between a trustee and an agent on a trust?
A trustee is a person or entity appointed to manage and administer a trust on behalf of the beneficiaries, while an agent is someone authorized to act on behalf of a trustee in specific circumstances. Trustees have a fiduciary duty to act in the best interests of the beneficiaries, while agents act on behalf of the trustee and must follow the trustee's instructions.
What is a bankruptcy trustee?
The court appointed person (usually another lawyer) that takes all non-exempt property from the debtor, liquidates the property, and pays the creditors (according to a specific formula)
How long it will take to get tax refund?
The length it takes to get your tax refund is dependent on how you filed your taxes and the complexity. Time to receiving a refund can take anywhere from 2 weeks to 8 weeks.
How long will it take to get my tax refund?
The length it takes to get your tax refund is dependent on how you filed your taxes and the complexity. Time to receiving a refund can take anywhere from 2 weeks to 8 weeks.
How does condo assocation owners remove the assocation's trustee?
You can find the how-to guide in your governing documents.Usually, it takes a large percentage of owners -- more than 50% and sometimes 67% or more -- to remove a director or a board member by a vote or petition.
If you file your taxes through H and R Block how long will it take to get your refund?
If you filed your taxes through H&R Block then you can use the IRS website to see when you will get your refund. It usually takes 14-21 days to get a direct deposit and a little longer for a check to be mailed. Go to irs.gov/Refunds and follow the links to the "Where's My Refund" section to get your information.
What happens to a joint tax refund totaling over five thousand dollars if your spouse files an individual Ch 7?
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.
Where can I find out about a rapid tax refund?
You can find out about a rapid tax refund by googling "rapid tax refund". A rapid tax refund is basically a loan in the amount of your tax refund that you receive as soon as you file your return as opposed to waiting for your check from the government which generally takes longer to receive. To find out more about it, visit: http://www.bigfatrefund.com/
Who takes back new video games with a full refund?
Your mom takes back video games for you because you are over 40 right? :)
