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If your filing now, you should have received this already and hence its simply part of all (any) of your other assets. If you haven't filed yet, you may well be out of time, so the Q is moot. If your waiting for it still, it is part of your pre petition assets and most times the trustee will use it to settle pre-petition debts....like you promised, contracted and were obligated to do.
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∙ 15y ago
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Who much of your tax return can the bankruptcy trustee take?
If it has not been exempted, all of it.
Why can a trustee take your income tax return if you are filing a chapter 7 bankruptcy which relieves you of your debt and does the trustee give the money to the creditors?
The trustee may take the refund and distribute it to creditors because a tax refund is not considered an exempted asset under bankruptcy laws.
Will the bankruptcy trustee take all of your tax return refund?
I think it depends on when the bankruptcy is discharged, but it would be discussed at your meeting with the creditors and the trustee. If it wasn't discussed, then the refund is yours.
If you filed a 2008 tax return how much would your stimulus check be?
if you filed a 2008 tax return how much would your stimulus check be?
If you filed an amended return to claim your two children can you still get the 600 stimulus payment or do you have to wait and file on 2008 return?
Yes, you still can get the $600 stimulus payment for your 2007 income tax return. Form 1040X is Amended U.S. Individual Income Tax Return. Filing an amended return usually doesn't affect the stimulus payment. If the IRS receives your Form 1040X before issuing your stimulus payment, then your stimulus payment will be issued after your Form 1040X has been processed.For more information, go to www.irs.gov/newsroom for the article, 'Economic Stimulus Payment Q&As'.
How long did it take for America to get back to work?
Full employment did not return until WW II, which was, of course, a huge economic stimulus.
Should you declare stimulus check on 2008 return?
The stimulus check is not income and you should not declare it on your tax return. You will not be taxed on it and it will not reduce your refund. However, you should take the check into consideration when filling out the Recovery Rebate Credit worksheet. This worksheet is used to determine whether you might be eligible to receive even more stimulus money than you got last year.
If your 2007 tax return was seized do you still get a stimulas check?
If you still owe whomever offset the 2007 refund, then they will also take your stimulus check.
Do you have to enter stimulus earnings on tax return?
no. Stimulus payments are not taxable. However there are situations where you might not of gotten enough of a stimulus payment. Therefore you would be qualified for a "Rebate Recovery Credit" with your 08 tax return. Therefore give your tax preparer how much you got for a stimulus payment. You can also find the exact amount at IRS.GOV
If i had to file an amended tax form which caused you to owe will you still get a stimulus check?
If you did not owe anything on the original return, it probably comes down to timing. The question is will they process the amended return before they send out a stimulus check. It could easily go either way -- it's possible that they will send the stimulus check before they get around to processing the amended return.
What if a trustee dies and the property in trust is under loan?
You must review the terms of the trust to determine how a successor trustee can be appointed. The successor can take over the duties of the trustee.You must review the terms of the trust to determine how a successor trustee can be appointed. The successor can take over the duties of the trustee.You must review the terms of the trust to determine how a successor trustee can be appointed. The successor can take over the duties of the trustee.You must review the terms of the trust to determine how a successor trustee can be appointed. The successor can take over the duties of the trustee.
Who signs a final corporate tax return?
Depends...frequently the trustee or acting offocers.
