I just sent my paperwork to my attorney so we can file the ch 7 this month. And it's tax time. So there is a potential snafu.
I am married filing the ch 7 solely. We file jointly on our taxes. The federal and state refunds amount to 3,000. Note the state return was just filed and I am holding on to the federal return awaiting further instruction.
My income sources were unemployment compensation with no tax withheld. I also had 1099 income with no tax withheld (of course). I had a job where I made couple of thousand and had $142 and $152 withheld for state and federal.
In essence, none of the refund is mine and it is going directly to my wife's individually owned checking account.
I am hearing this could be an issue but don't understand how because none of the refunded money is mine or attributable to me. And this can be proven by my w-2's.
Will this be an issue?
Will amending the returns to married filing solely on the tax returns ameliorate the potential issue?
Thanks in a advance.
I am married filing the ch 7 solely. We file jointly on our taxes. The federal and state refunds amount to 3,000. Note the state return was just filed and I am holding on to the federal return awaiting further instruction.
My income sources were unemployment compensation with no tax withheld. I also had 1099 income with no tax withheld (of course). I had a job where I made couple of thousand and had $142 and $152 withheld for state and federal.
In essence, none of the refund is mine and it is going directly to my wife's individually owned checking account.
I am hearing this could be an issue but don't understand how because none of the refunded money is mine or attributable to me. And this can be proven by my w-2's.
Will this be an issue?
Will amending the returns to married filing solely on the tax returns ameliorate the potential issue?
Thanks in a advance.