Tax Extension for 2009

[HOMEBODY]

I understand I have to provide the trustee with my current tax return, what if I requested and extension and it will not be due until August? I was waiting to clear my finances to sit down and do my taxes. I am self employed and own a couple of rentals that have made me lose a lot of money and I cant even start to figure that out. My 341 meeting is on July 2 (yeah..July 4th is Independence day for me).

So will they accept the extension and the 2008 tax return instead?

[biotechsolution]

they will but I doubt if he will close your case until he sees the return and if you'll be getting a refund. I had an extension but wasn't due and return.
If you're planning on taking a loss he's going to hold your case open for your filing to take that return.

[HHM]

It depends, most districts and trustees WILL NOT accept the extension. You need to have the most recent tax return completed for BK.

At the very least, have 2008 ready along with a copy of your 2009 extension. Also, keep in mind, you need to send your tax return to the trustee at least 7 days prior to the 341 meeting.

Your most conservative approach would be to get the 2009 tax return done, then there will be no issues. If you don't have it done the trustee demands it, the trustee can administratively dismiss your bankruptcy.

[albacore44]

my 341 was in March. i was only required to provide 2008 tax return which trustee handed back to me at the 341. day 59 (may) UST called and asked for it to validate # of persons in the household i was claiming. My att told him i filed an extension. I am discharged, not closed yet, but have not heard a peep from the panel trustee requesting it, but i dont plan to file until Oct, since i may owe.