Comments on: Can someone still file their tax return if filing bankruptcy during this year? http://whentofilebankruptcy.org/can-someone-still-file-their-tax-return-if-filing-bankruptcy-during-this-year Consider All Your Options | Free Tips, Q&A and Online Resources Thu, 29 Dec 2011 01:20:45 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: userafw http://whentofilebankruptcy.org/can-someone-still-file-their-tax-return-if-filing-bankruptcy-during-this-year/comment-page-1#comment-3834 userafw Wed, 10 Feb 2010 15:40:50 +0000 http://whentofilebankruptcy.org/can-someone-still-file-their-tax-return-if-filing-bankruptcy-during-this-year#comment-3834 Yes, he still has to file his tax return. Also, in bankruptcy he will still need to pay any taxes he owes for the last 3 years tax returns - generally those are not discharged in bankruptcy, as his bankruptcy attorney should be able to advise him. If he didn't owe anything to the IRS but owed other federal agencies (usually things like child support or student loans) then those other agencies could claim part of his refund. This would be true if he is in bankruptcy or not. If he does not owe back taxes or other federal agencies, he would receive his refund as normal. Yes, he still has to file his tax return. Also, in bankruptcy he will still need to pay any taxes he owes for the last 3 years tax returns – generally those are not discharged in bankruptcy, as his bankruptcy attorney should be able to advise him. If he didn’t owe anything to the IRS but owed other federal agencies (usually things like child support or student loans) then those other agencies could claim part of his refund. This would be true if he is in bankruptcy or not. If he does not owe back taxes or other federal agencies, he would receive his refund as normal.

]]> By: Spock (rhp) http://whentofilebankruptcy.org/can-someone-still-file-their-tax-return-if-filing-bankruptcy-during-this-year/comment-page-1#comment-3833 Spock (rhp) Wed, 10 Feb 2010 15:40:50 +0000 http://whentofilebankruptcy.org/can-someone-still-file-their-tax-return-if-filing-bankruptcy-during-this-year#comment-3833 yes, he still has to file. and refund, if any, is treated like any other asset he has if/when filing for bankruptcy. he'll need it too, bankruptcy lawyers don't work for free. yes, he still has to file.

and refund, if any, is treated like any other asset he has if/when filing for bankruptcy. he’ll need it too, bankruptcy lawyers don’t work for free.

]]> By: girlwhoknowsitstrue http://whentofilebankruptcy.org/can-someone-still-file-their-tax-return-if-filing-bankruptcy-during-this-year/comment-page-1#comment-3832 girlwhoknowsitstrue Wed, 10 Feb 2010 15:40:50 +0000 http://whentofilebankruptcy.org/can-someone-still-file-their-tax-return-if-filing-bankruptcy-during-this-year#comment-3832 If he files for bankruptcy, his refund is an asset and must be listed as such. Depending on the timing, it may be garnisheed, but if he files and gets his refund in a check format and cashes it at the bank, then once the money is spent there is no asset to garnishee. If he files for bankruptcy, his refund is an asset and must be listed as such. Depending on the timing, it may be garnisheed, but if he files and gets his refund in a check format and cashes it at the bank, then once the money is spent there is no asset to garnishee.

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