header-logo-5d31ffe28daa6

Bankruptcy Tuesdays

Bankruptcy Tuesdays
February 12, 2019

Last month we talked about tax refunds, when you might have to pay any tax refunds you receive to the trustee, and when you would not have to. This month we’re going to discuss a different aspect of taxes; specifically tax returns that you will have to provide to the trustee. When you file a bankruptcy case, you are required to supply the bankruptcy trustee with copies of your federal and state tax returns for the two most recent tax years. This includes any schedules that you filed with your returns, as well as any W-2s or 1099s. Why, you might ask, would the trustee want a copy of your tax returns? Your tax return can reveal a lot of useful information. It can be used to verify the income information you provide in your bankruptcy schedules. It can indicate how much or why you might be entitled to a refund. It can provide information about prior losses, which can be helpful in a business context. More on bankruptcy and tax returns next week!

Image

Previous PostNext Post

Related Posts

Rebuilding After Bankruptcy

Rebuilding After Bankruptcy

It is possible to rebuild your credit after bankruptcy! In our thirty years of experience,...

How To Choose A Bankruptcy Attorney

How To Choose A Bankruptcy Attorney

We know that when it comes to choosing a Maine bankruptcy attorney, you have a...

Bankruptcy 101: Different Types Of Bankruptcy

Bankruptcy 101: Different Types Of Bankruptcy

There is a stigma against filing for bankruptcy, but know that bankruptcy laws exist to...

© McCue Law Office. All Rights Reserved.

Powered by Top Rated Local® linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram