ETA: SORRY! I meant to put this in the general BK talk!
We are getting back almost 8K, but a large part of this is b/c we have four children, we bought a house and two vehicles in 2009. Plus we got those other new make work pay things... etc. We *usually* get around $3,500.
When we met with one of the attorney offices, the "means test specialist" told us not to change our withholdings yet b/c she didn't want the monthly income to change.
But, what I don't get is - your gross six month income/yearly income is going to be the same regardless of what you have taken out for taxes! Why can't I go ahead and fix my witholdings? We are claiming 10 and the "W4 calculator" says to claim 14. If we don't change our withholdings, won't they just have to adjust our monthly income on paper to compensate for the refund - since that is money we SHOULD be getting every month? I guess what I mean is.. if the trustee sees we get a $3,500 refund, wouldn't they take that amount, divide it by 12 and add the total to our monthly income total? Does that make sense? My brain isn't functioning the way I want it to this morning!
(We have another attorney now, but didn't get to discuss this with him at the first meeting b/c he was running late and we had to leave early to pick up our kids. I am going to meet with him again next week, but thought I'd ask here to see if you guys could help me understand it better
We are getting back almost 8K, but a large part of this is b/c we have four children, we bought a house and two vehicles in 2009. Plus we got those other new make work pay things... etc. We *usually* get around $3,500.
When we met with one of the attorney offices, the "means test specialist" told us not to change our withholdings yet b/c she didn't want the monthly income to change.
But, what I don't get is - your gross six month income/yearly income is going to be the same regardless of what you have taken out for taxes! Why can't I go ahead and fix my witholdings? We are claiming 10 and the "W4 calculator" says to claim 14. If we don't change our withholdings, won't they just have to adjust our monthly income on paper to compensate for the refund - since that is money we SHOULD be getting every month? I guess what I mean is.. if the trustee sees we get a $3,500 refund, wouldn't they take that amount, divide it by 12 and add the total to our monthly income total? Does that make sense? My brain isn't functioning the way I want it to this morning!
(We have another attorney now, but didn't get to discuss this with him at the first meeting b/c he was running late and we had to leave early to pick up our kids. I am going to meet with him again next week, but thought I'd ask here to see if you guys could help me understand it better
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