I collected a hefty CA tax refund early this year and didn't include it in my means test form or on my income form for Chapter 7. Note that this is from the state, not the feds.
I've run the numbers and I'm still under the median including it but when I look at form B22 it seems I'd be dividing it by 6 like everything else and then multiplying it with everything else by 12 in the end so that it ends up being counted as twice the annualized income that it is.
This is proper?
I also don't see where to put it on Schedule I. I did see a thread that said that different districts treat it differently but that it probably should be included in the B22 means test. It doesn't seem to be likely to hurt me to include it and will make everything look even more on the up-and-up so I suppose I should.
I'm going to file next week so am trying to finish the paperwork off before Friday. Please advise if you can straighten me out on this one. Note that I now reside in another state so the 7 is not filed in CA though I will be using CA exemptions (but will not exempt this long spent refund).
Thanks.
I've run the numbers and I'm still under the median including it but when I look at form B22 it seems I'd be dividing it by 6 like everything else and then multiplying it with everything else by 12 in the end so that it ends up being counted as twice the annualized income that it is.
This is proper?
I also don't see where to put it on Schedule I. I did see a thread that said that different districts treat it differently but that it probably should be included in the B22 means test. It doesn't seem to be likely to hurt me to include it and will make everything look even more on the up-and-up so I suppose I should.
I'm going to file next week so am trying to finish the paperwork off before Friday. Please advise if you can straighten me out on this one. Note that I now reside in another state so the 7 is not filed in CA though I will be using CA exemptions (but will not exempt this long spent refund).
Thanks.
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