Do you mean the 6-month period for means test purposes? If debtor
is self-employed you don't need to attach proof of income for 60
days. You do, however, have to obtain the information for the
relevant prior 6 months to properly prepare Form 22A (or 22C as the
case may be, depending on which Chapter you're filing) and attach
the P&Ls (for some period) to Schedules "I" and "J".
If his income hasn't changed, you could use Schedule "C" from 2016
for Schedules "I" and "J".
But if he does cash basis accounting (as most do), a profit and loss
must be prepared for the relevant 6 month period to properly
complete the means test forms. This is true regardless of what
language he speaks.
I would start, however, by calculating whether it makes any
difference in the analysis. For example, if his gross receipts for
the period without any business deductions still don't trigger a
means test problem (or a problem with I/J), then just list the
income with an explanation that he doesn't have his expense
information for that period.
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Mark J. Markus
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On 2/15/2017 4:28 PM, 'Jennifer L. Jones'
jdgrad03@yahoo.com
[cdcbaa] wrote:
>
>
> Good Afternoon- I'm wondering if it's acceptable to use the
> Schedule C from 2016 tax return (I would redact ssn) as evidence
> of income from last 60 days since debtor can not provide me with a
> profit and loss from last 6 months? Or do I need to create this
> for him? English is his second language and he doesn't understand
> really what it is. Maybe use his 1099 instead? but that doesn't
> show his deductions.
>
> Thanks so much-
>
> JJ
> The Law Office of Jennifer L. Jones
> 1243 S. La Cienega Blvd, Ste 8
> Los Angeles, CA 90035
> Tel: (619) 913-9818
>
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>
>
>
*************************
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
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the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
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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.