The wildcard exemption is only available if, and to the extent that, you don't use a homestead exemption. You, therefore, cannot use the wildcard exemption on a homestead.
______________________
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)
Toll Free: 1-866-576-6275
web:
http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency
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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 communicat
----- Original Message -----
To:
cdcbaa@yahoogroups.com
Sent: Thursday, May 22, 2008 12:20 PM
Subject: RE: [cdcbaa] exemption
Can I claim exemption for the house under 703.140(b)(1) for $20,725 plus Wild card 703.140(b)(5) for other nonexempt assets for $21,825, or I have to choose only one exemption?.
Jarintorn Tanatchasai
18411 Crenshaw Blvd #424
Torrance, CA 90504
310-515-2888
-
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The wildcard exemption is only available if, and to the
extent that, you don't use a homestead exemption. You, therefore, cannot
use the wildcard exemption on a homestead.
______________________Mark J. MarkusLaw Office of
Mark J. Markus11684 Ventura Blvd. PMB #403Studio City, CA
91604-2652(818)509-1173 (818)509-1460 (fax)Toll Free:
1-866-576-6275web:
http://www.bklaw.com/This Firm is aQualified 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 addresseeonly. 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 communicat
----- Original Message -----
From:
jarintorn tanatchasai
To:
cdcbaa@yahoogroups.com
Sent: Thursday, May 22, 2008 12:20 PM
Subject: RE: [cdcbaa] exemption
Can I claim exemption for the house under 703.140(b)(1)
for $20,725 plus Wild card 703.140(b)(5) for other nonexempt assets
for $21,825, or I have to choose only one exemption?. Jarintorn
Tanatchasai18411 Crenshaw Blvd #424Torrance, CA
90504310-515-2888
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