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tax refunds under Chapter 13
I had case with Nancy Zamora and she allowed me to claim $250.00 per month
in income as projected anticipated tax refund because of the fact that this
was not money paid into the IRS, but it was the child care tax credit or
something like that. So because this was not money being paid in and
refunded, she allowed it as long as I claimed it as projected income in I.
With that I was able to avoid the refund going into plan.
Renay
On Sun, Jun 6, 2010 at 10:42 PM, Dennis McGoldrick wrote:
>
>
> No. Change the debtors number of tax exemptions to up to nine do there is
> no refund.
>
> Dennis McGoldrick
> 350 S. Crenshaw Bl., #A207B
> Torrance, CA 90503
>
> On May 26, 2010, at 12:41 PM, "jye" wrote:
>
>
>
> Can a debtor exempt 3 year tax refunds under Sec 703 wild card in a Chapter
> 13 plan? For example Debtor estimates that she would have $3,000.00 refund
> per year, then can she exempt 15000 when she files the Petition?
>
>
>
>
R. Grace Rodriguez, Esq.
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I had case with Nancy Zamora and she allowed me to claim $250.00 per month in income as projected anticipated tax refund because of the fact that this was not money paid into the IRS, but it was the child care tax credit or something like that. So because this was not money being paid in and refunded, she allowed it as long as I claimed it as projected income in I. With that I was able to avoid the refund going into plan.
RenayOn Sun, Jun 6, 2010 at 10:42 PM, Dennis McGoldrick <easky1@yahoo.com> wrote:
The post was migrated from Yahoo.
No. Change the debtors number of tax exemptions to up to nine do there is no refund.
Dennis McGoldrick
350 S. Crenshaw Bl., #A207B
Torrance, CA 90503
On May 26, 2010, at 12:41 PM, "jye" wrote:
Can a debtor exempt 3 year tax refunds under Sec 703 wild card in a Chapter 13 plan? For example Debtor estimates that she would have $3,000.00 refund per year, then can she exempt 15000 when she files the Petition?
No. Change the debtors number of tax exemptions to up to nine do there is no refund.Dennis McGoldrick350 S. Crenshaw Bl., #A207BTorrance, CA 90503On May 26, 2010, at 12:41 PM, "jye" <jjchangesq@yahoo.com> wrote:
Can a debtor exempt 3 year tax refunds under Sec 703 wild card in a Chapter 13 plan? For example Debtor estimates that she would have $3,000.00 refund per year, then can she exempt 15000 when she files the Petition?
The post was migrated from Yahoo.
If it is for past years refunds, debtor needs to prepare them and
file with the IRS and then you have the correct refund amount to
exempt. If you are talking about future years, no debtor cannot
exempt the asset because it does not exist at the time of the petition
being filed.
Mark T. Jessee
Law Offices of Mark T. Jessee
"A Debt Relief Agency"
50 W. Hillcrest Drive, Suite 200
Thousand Oaks, CA 91360
(805) 497-5868
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On Wed 26/05/10 12:41 PM , "jye" jjchangesq@yahoo.com sent:
Can a debtor exempt 3 year tax refunds under Sec 703 wild card in a
Chapter 13 plan? For example Debtor estimates that she would have
$3,000.00 refund per year, then can she exempt 15000 when she files
the Petition?
Links:
[1] mailto:cdcbaa@yahoogroups.com?subjecttax refunds under Chapter
13
[2]
The post was migrated from Yahoo.
Can a debtor exempt 3 year tax refunds under Sec 703 wild card in a Chapter 13 plan? For example Debtor estimates that she would have $3,000.00 refund per year, then can she exempt 15000 when she files the Petition?
The post was migrated from Yahoo.