Is a STRS pension an "involuntary deduction" on the
Posted: Mon May 10, 2010 3:26 pm
Usually STRS is mandatory and, often, as an offset state employees do
not have social security withheld from their paystubs, so you have to be
careful how much you allocate for tax withholding in those cases.
*************************
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 5/10/2010 3:20 PM, Holly Roark wrote:
>
>
> In a Chapter 7, does this deduction on the paycheck for a STRS pension
> get counted in the means test as an involuntary deduction (line 26),
> or is it more like a 401K, where it is not deducted in a Chapter 7
> (but is in a Chapter 13)?
>
> --
> Holly Roark
> holly@roarklawoffices.com
> www.roarklawoffices.com
> Central District of California
> Consumer Bankruptcy Attorney
>
>
>
The post was migrated from Yahoo.