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Taxes: How to get Trustee disbursements applied first
These are considered involuntary payments so you cannot direct how they are
applied.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
Mark J. Markus
Sent: Friday, June 25, 2010 3:45 PM
To: cdcbaa@yahoogroups.com
Subject: Re: [cdcbaa] Taxes: How to get Trustee disbursements applied first
to priority taxes
I'm not asking how they get paid, I'm asking how to ensure they get applied
by the IRS that way.
*************************
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)
web: http://www.bklaw. com/
This Firm is a Qualified Federal Debt Relief Agency (see what this means at
http://bklaw.
The post was migrated from Yahoo.
If a trustee is administering a Chapter 7 case, it's possible that both
priority and non-priority claims would get paid.
*************************
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)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency (see what this means at http://bklaw.com/bankruptcy-blog/2008/0 ... efinition/)
________________________________________________
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 communication.
On 6/25/2010 3:40 PM, Steven B. Lever wrote:
>
>
> Are they income taxes? If that's the case, wouldn't the non-priority
> taxes be discharged, forcing the IRS to apply them to the priority taxes?
>
> *From:* cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] *On
> Behalf Of *Mark J. Markus
> *Sent:* Friday, June 25, 2010 3:45 PM
> *To:* cdcbaa@yahoogroups.com
> *Subject:* Re: [cdcbaa] Taxes: How to get Trustee disbursements
> applied first to priority taxes
>
> I'm not asking how they get paid, I'm asking how to ensure they get
> applied by the IRS that way.
>
> *************************
> 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)
> web:http://www.bklaw.com/
> This Firm is a Qualified Federal Debt Relief Agency (see what this means athttp://bklaw.com/bankruptcy-blog/2008/09/debt-relief-agencies-definition/)
> ________________________________________________
> 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 communication.
>
>
> On 6/25/2010 3:30 PM, Steven B. Lever wrote:
>
> They are by definition priority, so they should be paid first, and
> will be so long as your right to file a Proof of Claim on their behalf
> is honored.
>
> *From:* cdcbaa@yahoogroups.com
> [mailto:cdcbaa@yahoogroups.com] *On Behalf Of *Mark J. Markus
> *Sent:* Friday, June 25, 2010 3:23 PM
> *To:* cdcbaa@yahoogroups.com
> *Subject:* [cdcbaa] Taxes: How to get Trustee disbursements applied
> first to priority taxes
>
>
> I have an asset Chapter 7 case that has partially secured, priority, and
> non-priority IRS taxes owed. I will be filing a proof of claim for the
> IRS.
>
> Is there some magical way to ensure that when the Trustee pays the
> priority claims that the IRS applies it to the priority (i.e.,
> non-dischargeable) tax years first?
>
> *************************
> 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)
> web: http://www.bklaw.com/
> This Firm is a Qualified Federal Debt Relief Agency (see what this
> means at
> http://bklaw.com/bankruptcy-blog/2008/0 ... efinition/)
> ________________________________________________
> 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 communication.
>
>
>
>
The post was migrated from Yahoo.
I'm not asking how they get paid, I'm asking how to ensure they get
applied by the IRS that way.
*************************
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)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency (see what this means at http://bklaw.com/bankruptcy-blog/2008/0 ... efinition/)
________________________________________________
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 communication.
On 6/25/2010 3:30 PM, Steven B. Lever wrote:
>
>
> They are by definition priority, so they should be paid first, and
> will be so long as your right to file a Proof of Claim on their behalf
> is honored.
>
> *From:* cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] *On
> Behalf Of *Mark J. Markus
> *Sent:* Friday, June 25, 2010 3:23 PM
> *To:* cdcbaa@yahoogroups.com
> *Subject:* [cdcbaa] Taxes: How to get Trustee disbursements applied
> first to priority taxes
>
>
> I have an asset Chapter 7 case that has partially secured, priority, and
> non-priority IRS taxes owed. I will be filing a proof of claim for the
> IRS.
>
> Is there some magical way to ensure that when the Trustee pays the
> priority claims that the IRS applies it to the priority (i.e.,
> non-dischargeable) tax years first?
>
> *************************
> 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)
> web: http://www.bklaw.com/
> This Firm is a Qualified Federal Debt Relief Agency (see what this
> means at
> http://bklaw.com/bankruptcy-blog/2008/0 ... efinition/)
> ________________________________________________
> 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 communication.
>
>
>
>
The post was migrated from Yahoo.