Income tax return in Ohio

[whirlwind123]

I have been reading all the posts about income tax., I am getting back1,800.00 dollars., I read the confirmation order it says nothing about keeping or surrendering income tax., but it says all assets and income changes need to be disclosed. I am going to call my attorneys office today.

[SVO351]

Let us know what they say. I didnt see anything about disclosing what I get either.
Just that we couldnt keep over 1600 without filing a motion and a list of bills to justify keeping it.

[may]

We got $1385 back and we get to keep it. We had to tell the trustee how much we were getting back but that's it. We're in VA so things could be different where you are. I'd still call your attorney.

[debtinohio]

Adjust your withholdings for next year. I'd rather owe a small amount than loan the government money all year only to lose it to the trustee anyway.

[Limitman]

I just got 2250 back. I'm in the CLeveland area, Nothing in my paper work says anything about tax returns other than they should be filed. I know my payment went up a little before confirmation because they had to add my tax return back in for each month. My lawyer said I get to keep all of it and that is because it is figured in the plan.

[andy158]

Just finished ours with $1700 federal and $110 state. Trustee gets anything over $1500. Have to send in copies of both returns and a check for $310. The $310 will go towards our plan payments, but it will not decrease the remaining time. The creditors just get that much more. For us getting a marginal return is the easiest way to save up for our property tax payment due in March.

[SVO351]

I posted this in another thread but noone answered...maybe I'll have luck here.

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"Ok, our attorney told us we can keep 1600 of it and the rest has to go to the trustee. We filed Chapter 13 in October so we already had a lot of taxes taken out for the year. We've since then changed our filing status (on request of our attorney).
But for this year though, we'll be getting back more than 1600.

My question is....can you defer tax refunds to the following year knowing you'll have to pay (based on changing our withholding amounts)? And if so, can I defer just the amount that leaves us with a 1600 dollar return which we can keep.

Is that legal?"

[lrprn]

I posted this in another thread but noone answered...maybe I'll have luck here.

Just a reminder that it's against our forum rules to post the same questions in two different forum areas.

Typically no answers at all to a question mean that our members either don't know the answer or don't feel solid enough that what they are thinking is correct to post a reply.

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My question is....can you defer tax refunds to the following year knowing you'll have to pay (based on changing our withholding amounts)? ... Is that legal?"

I'm not a tax expert by any means, but if you could do what you are proposing to do, no one would ever lose their return to their trustee. Seems to me that your answer is most likely no, you can't do it.

However, only a tax attorney or your own bk attorney practicing in your state really can answer your question for certain.

[SVO351]

True. If it was legal, more people would do it.

Our attorney never answers us back unless we harrass them. Every time we call they act like we are interrupting them. I guess since our "case" is done they only care about the next case.

Thanks!

[whirlwind123]

Income tax in ohio

Okay I talked to our attorney today., He said I am allowed to keep 1500.00 of the IRS., he said I would receive a letter from the trustee if he wants to see my 2009 income tax return., and at that I would probably have to forward to him the additional $400.00 as I will be receiving 1,900.00....she said it will depend on him.