.jpg)
Tax wittholding on means test for military debtor
charset="US-ASCII"
Other than the "disabled veteran B22A exclusion," I don't know of any.
Also, from my experience, the E5 and E6 levels have salaries that are not
insignificant. Compounding things, living on base is very inexpensive,
leading to potential surplus I - J issues. Finally, be careful that the BK
doesn't hurt any security clearance your client may be seeking or already
have.
Hale
_____
The post was migrated from Yahoo.
I have a client who is in the military. His paystubs show an unusually low amount of taxes withheld. When I inquired as to why, he was informed that military are taxed differently than civilians. While I applaud this if true for our boys (and girls) in khaki (or whatever), it is resulting in this guy not passing the means test, whereas if I used the normal withholding for someone using Married and 3 exemptions, he would pass the means test. It's the difference between having to do a $900/mo CH. 13 paying 100% and being able to do a Chapter 7.
Is there any exception or anything I'm unaware of that I can use to increase the number I put in the "necessary" taxes section of the means test for this debtor?
______________________
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
Toll Free: 1-866-576-6275
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency
___________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communicat
I have a client who is in the military.
His paystubs show an unusually low amount of taxes withheld. When I
inquired as to why, he was informed that military are taxed differently than
civilians. While I applaud this if true for our boys (andgirls) in khaki (or whatever), it is resulting in this guy not passing the
means test, whereas if I used the normal withholding for someone using Married
and 3 exemptions, he would pass the means test. It's the difference
between having to do a $900/mo CH. 13 paying 100% and being able to do a Chapter
7.
Is there any exception or anything I'm unaware of
that I can use to increase the number I put in the "necessary" taxes section of
the means test for this debtor?
______________________Mark J. MarkusLaw
Office of Mark J. Markus11684 Ventura Blvd. PMB #403Studio City, CA91604-2652(818)509-1173 (818)509-1460 (fax)Toll Free:
1-866-576-6275web: http://www.bklaw.com/This Firm is aQualified Federal Debt Relief Agency___________NOTICE: This Electronic
Message contains information from the law office of Mark J. Markus that may be
privileged. The information is intended for the use of the addresseeonly. If you are not the addressee, note that any disclosure, copy,
distribution or use of the contents of this message is prohibited.IRS
CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS,
we inform you that any U.S. tax advice contained in this communication (or in
any attachment) is not intended or written to be used, and cannot be used, for
the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii)
promoting, marketing or recommending to another party any transaction or
matter addressed in this communicat
The post was migrated from Yahoo.