If I owe back taxes to the IRS and file Chapter 13 ..before I file taxes this year...will I be able to keep this years refund if will the trustee take it
1 Answer from Attorneys
If you owe taxes, the IRS will take it. If you file BK before you file your taxes, sometimes the IRS still takes it and applies it. If not, then typically you have to give up at least 1/2 your return.
Question... how old are the taxes you currently owe? Sometimes those can be discharged in the bankruptcy...
Related Questions & Answers
Does stripping a second mortgage in a Chpter 13 have any tax consequences. Does it... Asked 12/13/11, 6:19 am in United States Indiana Bankruptcy Law
We have gone to see an attorney to file chapter 13 we have not filed yet only hired... Asked 12/09/11, 4:02 am in United States Indiana Bankruptcy Law
I lost a small claims suit in Indiana. Can that award be in a bk? Asked 11/14/11, 6:05 am in United States Indiana Bankruptcy Law
If I marry someone who has filed bankruptcy, can the bill collectors come after me... Asked 8/22/11, 10:03 am in United States Indiana Bankruptcy Law
My brother and I own a house in Indiana together. We sold it to a Chinese restaurant... Asked 7/24/11, 8:37 pm in United States Indiana Bankruptcy Law