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HELP -- related to this old thread: Ch. 13=20
Thank you Nancy Clark for that great attachment.
Good Luck starts with a strategy and a plan. Form a strategic alliance
with
Robert J. Suhajda, MS,CPA
17721 Norwalk Blvd. #43
Artesia, CA 90701
562-924-8922
Income Tax for Attorneys, Bankruptcy, IRS representation,
Fiduciary income tax returns, Estate and Gift tax returns,
Trust Protector, Independent Trustee, Court Accountings
In a message dated 2/10/2010 9:26:30 A.M. Pacific Standard Time,
nclark@blclaw.com writes:
[_Attachment(s)_ (mip://02e351c8/default.html#TopText) from Nancy Clark included below]
On that note, I advise that you got to the hearing prepared for battle ifyou are filing in On that n. Many issues can be resolved at the 341(a) hearing but you must be prepared. You should calculate the YTD income in advance and have the proof of the change in circumstances to the trustee seven
days before the hearing. Make sure that anything out of the ordinary in themeans test is documented and supported and in the trustees hands prior to
the hearing. I always argue that YTD calculation is in violation of
Kagenveama which requires a six month calculation. The trustee always responds that
they can do a modification after confirmation. So, be prepared to discusswhy the income is lower at the time of filing.
WARNING: the trustee and Judge P. Carroll do not allow the IRS standard
deduction for ownership vehicles ($489) unless the vehicle payment is higher
than $489. They only allow the actual vehicle payment over 60 month term of
the plan. The trustee has written a brief on this issue and is prepared toappeal.
Nancy Clark
Borowitz & Clark, LLP
100 N. Barranca Avenue, Suite 250
West Covina, ,
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