Central District Consumer Bankruptcy Attorney's Association

OR is the answer to list it on schedule E for a 2nd listing but describe it
as the SECURED portion of taxes which must be paid?
OR is the answer to list it on schedule E for a 2nd listing but describe it as the SECURED portion of taxes which must be paid?

The post was migrated from Yahoo.

Anyone using BestCase?
I have a tax lien filed against my client for 28,628.66 for taxes assessed
6/20/2008 and prior. Debtor's schedule B reports $7,170.00 in assets. Has
no Schedule A assets. It is my reading that the IRS is entitled to get
paid the SECURED claim amount EQUAL to his assets regardless of exemption.
Do I put that Secured claim on Schedule D? Also the IRS Manual says that
interest will be paid on it the secured claim amount at the amount set
forth at
IRC 6621. But those interest rates are set up quarterly. His taxes
cover 2003, 2005 & 2006. Which interest rate would I use.
I can't figure out how to input this into the software so debtor will pay
the right amount of interest? I can list it on schedule D but it comes out
strange because then how do I characterize this. Would someone be willing
to call me on my cell phone?
R. Grace Rodriguez, Esq.
OFF: (818) 734-7223
CEL: (818) 554-9922
Anyone using BestCase?I have a tax lien filed against my client for 28,628.66 for taxes assessed 6/20/2008 and prior. Debtor's schedule B reports $7,170.00 in assets. Has no Schedule A assets. It is my reading that the IRS is entitled to get paid the SECURED claim amount EQUAL to his assets regardless of exemption.
Do I put that Secured claim on Schedule D? Also the IRS Manual says that interest will be paid on it the secured claim amount at the amount set forth at IRC 6621. But those interest rates are set up quarterly. His taxes cover 2003, 2005 & 2006. Which interest rate would I use.
I can't figure out how to input this into the software so debtor will pay the right amount of interest? I can list it on schedule D but it comes out strange because then how do I characterize this. Would someone be willing to call me on my cell phone?
-- R. Grace Rodriguez, Esq.OFF: (818) 734-7223CEL: (818) 554-9922

The post was migrated from Yahoo.