Okay...I am forcing myself back to working on these forms again. I think we will have to wait to file anyway til we get past a huge (one-time) payment my husband got in January for income his company had shorted him two years ago anyway so I have not been rushing to get this done but my personal deadline is to have it to the attorney next week just so I can get it off my plate~!!!
So...I am trying to do this Schedule J and a lot of it is not very clear...there is a line that says Unexpected Expense...geez...that could be $10 a month or $10,000....? What do I put there? If it's unexpected, would that not mean that I do not know? As far as house maintenance, we have done nothing at all this last year as we were not sure we would even be able to keep the house and it needs quite a lot of repair. Is there a standard number that is allowable or do I have to show the past year's receipts?
Also, our son has been accepted into a Gifted program at school next year and we have been told that this will cost about $960 extra for books and additional testing...can I use that if we have not paid it yet? He is enrolled. He will also have expenses for football of $480 and LaCrosse of $360. Is this allowable?
Also, to qualify for the home loan mod last year, we cut our car and house insurance expenses to the bone. Now that the mod is done, I would like to put it back like it was becasue I am really worried that our deductibles are so high on everything now that if anything happens, no way will we ever have the money to get it fixed. Will they look at this as a ploy to qualify for a CH7 better? I can prove that until about 6 months ago, we always paid higher premiums for better insurance. We also got rid of our life insurance when I lost my job but that is another area I am very worried about and wondering if they will question it if we reinstate it now that we are filing BK?
One more thing...since the IRS intercepted our 2008 tax return in 2009 since we owed a back tax debt, my husband changed his deductions so very little tax is withheld. Should we change this back to what it should be as well so we have more expenses?
The more I work on this the more confusing it is.
So...I am trying to do this Schedule J and a lot of it is not very clear...there is a line that says Unexpected Expense...geez...that could be $10 a month or $10,000....? What do I put there? If it's unexpected, would that not mean that I do not know? As far as house maintenance, we have done nothing at all this last year as we were not sure we would even be able to keep the house and it needs quite a lot of repair. Is there a standard number that is allowable or do I have to show the past year's receipts?
Also, our son has been accepted into a Gifted program at school next year and we have been told that this will cost about $960 extra for books and additional testing...can I use that if we have not paid it yet? He is enrolled. He will also have expenses for football of $480 and LaCrosse of $360. Is this allowable?
Also, to qualify for the home loan mod last year, we cut our car and house insurance expenses to the bone. Now that the mod is done, I would like to put it back like it was becasue I am really worried that our deductibles are so high on everything now that if anything happens, no way will we ever have the money to get it fixed. Will they look at this as a ploy to qualify for a CH7 better? I can prove that until about 6 months ago, we always paid higher premiums for better insurance. We also got rid of our life insurance when I lost my job but that is another area I am very worried about and wondering if they will question it if we reinstate it now that we are filing BK?
One more thing...since the IRS intercepted our 2008 tax return in 2009 since we owed a back tax debt, my husband changed his deductions so very little tax is withheld. Should we change this back to what it should be as well so we have more expenses?
The more I work on this the more confusing it is.
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