Central District Consumer Bankruptcy Attorney's Association

Good question. And to piggy-back on this I had this question come
up this past week:
If the debtor's CPA takes their fees from the refund, must the
debtor turn over the full refund amount, or the net amount after
paying her tax preparer for the postpetition fees?
On 5/12/2016 7:20 AM, Kirk Brennan kirkinhermosa@gmail.com [cdcbaa]
wrote:
>
>
> When a debtor in a chapter 13 case receives a refund over $1500
> for federal but owes money to the state for taxes:
> To figure out the amount owed to the trustee:
> do you combine the federal refund and state amount owed, then
> subtract $1500?
> Or,
> do you pay the federal amount over $1500 even though there is an
> amount owing to the state?
>
> --
> Kirk Brennan
>
> CONFIDENTIALITY NOTICE: This e-mail and any attachments are for
> the exclusive and confidential use of the intended recipient. If
> you are not the intended recipient, please do not read, distribute
> or take action in reliance on this message. If you have received
> this message in error, please notify us immediately by return
> e-mail and promptly delete this message and its attachments from
> your computer system. We do not waive attorney-client or work
> product privilege by the transmission of this message.
> TAX ADVICE NOTICE: Tax advice, if any, contained in this e-mail
> does not constitute a "reliance opinion" as defined in IRS
> Circular 230 and may not be used to establish reasonable reliance
> on the opinion of counsel for the purpose of avoiding the penalty
> imposed by Section 6662A of the Internal Revenue Code. The firm
> provides reliance opinions only in formal opinion letters
> containing the signature of a director.
>
>
>
*************************
Mark J. Markus
Law Office of Mark J. Markus
_*Mailing Address Only:*_
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)332-1180 (fax)
web: http://www.bklaw.com/
Certified Bankruptcy Law Specialist--The State Bar of California
Board of Legal Specialization
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 communication.

The post was migrated from Yahoo.

When a debtor in a chapter 13 case receives a refund over $1500 for federal
but owes money to the state for taxes:
To figure out the amount owed to the trustee:
do you combine the federal refund and state amount owed, then subtract
$1500?
Or,
do you pay the federal amount over $1500 even though there is an amount
owing to the state?
Kirk Brennan
CONFIDENTIALITY NOTICE: This e-mail and any attachments are for the
exclusive and confidential use of the intended recipient. If you are not
the intended recipient, please do not read, distribute or take action in
reliance on this message. If you have received this message in error,
please notify us immediately by return e-mail and promptly delete this
message and its attachments from your computer system. We do not waive
attorney-client or work product privilege by the transmission of this
message.
TAX ADVICE NOTICE: Tax advice, if any, contained in this e-mail does not
constitute a "reliance opinion" as defined in IRS Circular 230 and may not
be used to establish reasonable reliance on the opinion of counsel for the
purpose of avoiding the penalty imposed by Section 6662A of the Internal
Revenue Code. The firm provides reliance opinions only in formal opinion
letters containing the signature of a director.
When a debtor in a chapter 13 case receives a refund over $1500 for federal but owes money to the state for taxes:To figure out the amount owed to the trustee:do you combine the federal refund and state amount owed, then subtract $1500?Or,do you pay the federal amount over $1500 even though there is an amount owing to the state?-- Kirk BrennanCONFIDENTIALITY NOTICE: This e-mail and any attachments are for the exclusive and confidential use of the intended recipient. If you are not the intended recipient, please do not read, distribute or take action in reliance on this message. If you have received this message in error, please notify us immediately by return e-mail and promptly delete this message and its attachments from your computer system. We do not waive attorney-client or work product privilege by the transmission of this message. TAX ADVICE NOTICE: Tax advice, if any, contained in this e-mail does not constitute a "reliance opinion" as defined in IRS Circular 230 and may not be used to establish reasonable reliance on the opinion of counsel for the purpose of avoiding the penalty imposed by Section 6662A of the Internal Revenue Code. The firm provides reliance opinions only in formal opinion letters containing the signature of a director.

The post was migrated from Yahoo.