CA, yes, IRS, no. Federal taxes paid are not deductible on your federal tax return.
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New to chapter 13 - tax season question.
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Originally posted by stlrs View Post- I'm assuming from what was written that is up to the creditor(s) whether they want to send me one or not? Is it something I have to have by a certain date and if I don't get one I can just go ahead and file? Thanks again.
Originally posted by chicagoed195 View PostThe preparer from H&R Block may not have been totally offbase in inquiring as to when a debt was "forgiven" in determining whether or not some additional reporting might be required on an individual's income tax return.
Originally posted by chicagoed195 View PostAny debts included in the Chapter 13 filing should not be reflected on a 1099C and should be contested with the issuer if a 1099C is actually issued.
Originally posted by Ifonly View PostCA, yes, IRS, no. Federal taxes paid are not deductible on your federal tax return.LadyInTheRed is in the black!
Filed Chap 13 April 2010. Discharged May 2015.
$143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!
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If you're in a 100% plan as you stated, then the trustee does not require your tax refund info. They can't take any more than you owe (plus trustee fees). I am 3 years in on a 100% plan, and haven't heard from lawyer, trustee, or court, just check 13datacenter to make sure the plan is disbursing funds. Your returns are yours as far as the trustee and court go, if there is IRS debt, that is a different story.
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