Means Test - In re Wiegand Question
Posted: Wed Apr 11, 2012 9:04 am
Yes. Different result in a 7.
Kenneth Jay Schwartz, Esq.
LAW OFFICE OF KENNETH JAY SCHWARTZ
21031 Ventura Boulevard, Suite 640
Woodland Hills, California 91364-2226
Telephone: (818) 226-1205
Facsimile : (818) 226-1213
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________________________________
To: cdcbaa@yahoogroups.com
Sent: Wed, April 11, 2012 8:49:56 AM
Subject: RE: [cdcbaa] Means Test - In re Wiegand Question
Wiegand is a Chapter 13 case.
________________________________
Kenneth Jay Schwartz
Sent: Tuesday, April 10, 2012 2:00 PM
To: cdcbaa@yahoogroups.com
Subject: Re: [cdcbaa] Means Test - In re Wiegand Question
Wiegand says that these expenses cannot be deducted "above the line".
Kenneth Jay Schwartz, Esq.
LAW OFFICE OF KENNETH JAY SCHWARTZ
21031 Ventura Boulevard, Suite 640
Woodland Hills, California 91364-2226
Telephone: (818) 226-1205
Facsimile : (818) 226-1213
THE INFORMATION CONTAINED IN THIS E-MAIL IS INTENDED ONLY FOR THE PERSONAL AND
CONFIDENTIAL USE OF THE DESIGNATED RECIPIENT(S) NAMED ABOVE. THIS MESSAGE MAY
BE AN ATTORNEY-CLIENT COMMUNICATION, AND, AS SUCH, IS PRIVILEGED AND
CONFIDENTIAL. IF THE READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT OR AN
AGENT RESPONSIBLE FOR DELIVERING IT TO THE DESIGNATED RECIPIENT, YOU ARE HEREBY
NOTIFIED THAT YOU HAVE RECEIVED THIS E-MAIL IN ERROR, AND THAT ANY REVIEW, DISSEMINATION, DISTRIBUTION OR COPYING OF THIS MESSAGE IS STRICTLY PROHIBITED.
IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE NOTIFY US IMMEDIATELY.
THANK YOU.
________________________________
To: cdcbaa@yahoogroups.com
Sent: Tue, April 10, 2012 1:54:42 PM
Subject: Re: [cdcbaa] Means Test - In re Wiegand Question
Without reading Wiegand, aren't the inventory and parts "ordinary and necessary
business expenses" on line 3b? So the net income is $4000...
Jason Wallach
jwallach@gladstonemichel.com
On Apr 10, 2012, at 1:33 PM, R Grace Rodriguez wrote:
>Dear members:
>
>I have a PC that buys and sells cars. His income on line 3 of the 22C is
>10,000 per month. Of this amount $5,000 is inventory and about $1,000 is
>parts to fix the cars up so they can be sold. So am I reading the Wiegand
>decision correctly to say that I can deduct the cost of inventory and parts
>at LINE 57 for "SPECIAL CIRCUMSTANCES" contemplated by Section 1325(b)(2) or
>does it have to be listed in PART VI as necessary for health and welfare of
>family under 707?
>
>--
>R. Grace Rodriguez, Esq.
>OFF: (818) 734-7223
>CEL: (818) 554-9922
>
>
>
Yes. Different result in a 7. Kenneth Jay Schwartz, Esq.LAW OFFICE OF KENNETH JAY SCHWARTZ21031 Ventura Boulevard, Suite 640Woodland Hills, California 91364-2226Telephone: (818) 226-1205Facsimile : (818) 226-1213THE INFORMATION CONTAINED IN THIS E-MAIL IS INTENDED ONLY FOR THE PERSONAL AND CONFIDENTIAL USE OF THE DESIGNATED RECIPIENT(S) NAMED ABOVE. THIS MESSAGE MAY BE AN ATTORNEY-CLIENT COMMUNICATION, AND, AS SUCH, IS PRIVILEGED AND CONFIDENTIAL. IF THE READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT OR AN AGENT RESPONSIBLE FOR DELIVERING IT TO THE DESIGNATED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT YOU HAVE RECEIVED THIS E-MAIL IN ERROR, AND THAT ANY REVIEW, DISSEMINATION, DISTRIBUTION OR COPYING OF THIS MESSAGE IS
STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE NOTIFY US IMMEDIATELY. THANK YOU.From: Hale Andrew Antico <bk.lawyer@gmail.com>Sent: Wed, April 11, 2012 8:49:56 AMSubject: RE: [cdcbaa] Means Test - In re Wiegand Question
Wiegand is a Chapter 13 case.
From: cdcbaa@yahoogroups.com
[mailto:cdcbaa@yahoogroups.com] On Behalf Of Kenneth Jay
SchwartzSent: Tuesday, April 10, 2012 2:00 PMTo:
cdcbaa@yahoogroups.comSubject: Re: [cdcbaa] Means Test - In re
Wiegand Question
Wiegand says that these expenses cannot be deducted "above the
line". Kenneth Jay Schwartz, Esq.LAW OFFICE OF KENNETH JAY
SCHWARTZ21031 Ventura Boulevard, Suite 640Woodland Hills, California
91364-2226Telephone: (818) 226-1205Facsimile : (818)
226-1213
THE INFORMATION CONTAINED IN THIS E-MAIL IS INTENDED ONLY FOR THE PERSONAL
AND CONFIDENTIAL USE OF THE DESIGNATED RECIPIENT(S) NAMED ABOVE. THIS MESSAGE
MAY BE AN ATTORNEY-CLIENT COMMUNICATION, AND, AS SUCH, IS PRIVILEGED AND
CONFIDENTIAL. IF THE READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT OR AN
AGENT RESPONSIBLE FOR DELIVERING IT TO THE DESIGNATED RECIPIENT, YOU ARE HEREBY
NOTIFIED THAT YOU HAVE RECEIVED THIS E-MAIL IN ERROR, AND THAT ANY REVIEW,DISSEMINATION, DISTRIBUTION OR COPYING OF THIS MESSAGE IS STRICTLY PROHIBITED.
IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE NOTIFY US IMMEDIATELY.
THANK YOU.
From: Jason Wallach
<jwallach@gladstonemichel.com>To: cdcbaa@yahoogroups.comSent: Tue, April 10, 2012 1:54:42
PMSubject: Re: [cdcbaa] Means
Test - In re Wiegand Question
Without reading Wiegand, aren't the inventory and parts "ordinary and
necessary business expenses" on line 3b? So the net income is
$4000...
The post was migrated from Yahoo.