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"521 provide tax return" Question

Posted: Tue Apr 22, 2008 2:49 pm
by Yahoo Bot

filed."
and is a conjunction, and here a limitation. Although
the first part of 521(e)(2) sounds like you have to
give the most recent return required, the and limits
the requirement to giving the most recently filed
return.
give the 2006. The trustee, however, can demand more
documentation and can hold the case open, so if the
trustee decided to ask for the 2007 return, other
provisions in 521 require it be turned over.
dennis

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"521 provide tax return" Question

Posted: Tue Apr 22, 2008 12:59 pm
by Yahoo Bot

Marvin,
I haven't had any trouble providing the Trustee with the debtor's most recently filed tax return, but the Trustee may want to see the 2007 return before filing a no asset report.
mjmannbk wrote:
521(e)(2)(A) provides:.. "the debtor shall provide not later than 7
days prior to MOC, a copy of the Federal Income Tax Return required
under applicable law for the most recent year ending immediately
before the commencement of the case and for which a Federal income tax
return was filed."
If a bk was filed today, would a 2006 tax return and a 2007
application for extension be sufficient.
Thanks
Marvin Mann
2706 Artesia Blvd
Redondo Beach, CA 90278
310 376 9864
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Marvin, I haven't had any trouble providing the Trustee with the debtor's most recently filed tax return, but the Trustee may want to see the 2007 return before filing a no asset report.mjmannbk <mjmannesq@juno.com> wrote: 521(e)(2)(A) provides:.. "the debtor shall provide not later than 7days prior to MOC, a copy of the Federal Income Tax Return requiredunder applicable law for the most recent year ending immediatelybefore the commencement of the case and for which a Federal
income taxreturn was filed."If a bk was filed today, would a 2006 tax return and a 2007application for extension be sufficient.ThanksMarvin Mann2706 Artesia BlvdRedondo Beach, CA 90278310 376 9864
Be a better friend, newshound, and
know-it-all with Yahoo! Mobile. Try it now.

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"521 provide tax return" Question

Posted: Tue Apr 22, 2008 12:58 pm
by Yahoo Bot

Believe that would be sufficient, indeed I think it would be enough without the 2007 extension given the language of the statute ("and for which a Federal income tax return was filed"), but good idea to send it anyway.
Joseph E. Caceres, Esq.
Caceres & Shamash, LLP
8383 Wilshire Blvd., Suite 1010
Beverly Hills, CA 90211-2409
Tel: (323) 852-1600, x102
Fax: (323) 852-9009
E-mail: jec@locs.com
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Monday, April 21, 2008 3:10 PM
Subject: [cdcbaa] "521 provide tax return" Question
521(e)(2)(A) provides:.. "the debtor shall provide not later than 7
days prior to MOC, a copy of the Federal Income Tax Return required
under applicable law for the most recent year ending immediately
before the commencement of the case and for which a Federal income tax
return was filed."
If a bk was filed today, would a 2006 tax return and a 2007
application for extension be sufficient.
Thanks
Marvin Mann
2706 Artesia Blvd
Redondo Beach, CA 90278
310 376 9864

The post was migrated from Yahoo.

"521 provide tax return" Question

Posted: Mon Apr 21, 2008 3:10 pm
by Yahoo Bot

521(e)(2)(A) provides:.. "the debtor shall provide not later than 7
days prior to MOC, a copy of the Federal Income Tax Return required
under applicable law for the most recent year ending immediately
before the commencement of the case and for which a Federal income tax
return was filed."
If a bk was filed today, would a 2006 tax return and a 2007
application for extension be sufficient.
Thanks
Marvin Mann
2706 Artesia Blvd
Redondo Beach, CA 90278
310 376 9864

The post was migrated from Yahoo.