Another tax refund expense question.

[debtsucks]

We are suppose to file in Feb, but I am thinking about waiting until we file our taxes, because Lord willing we will be getting back at least 2,000 and we are planning on putting that down as a first months rent and security deposit on a place to rent. Right now my husband and I with our 3 kids live in a two bedroom townhome with my in laws. I would assume that would be ok, and not raise any red flags, but I just wanted your thoughts on this.

[AngelinaCatHub]

You have no restraints at this time. You have not filed. The look back is generally six months. What you are spending on is totally allowable as non luxuries. You must take care of house and family first. You should not have a problem at all. 'Hub

[lookinupn09]

Hello, Just to expand on this question, we received a tax refund of 9000 total federal and state 7 months ago, and our 341 is next week. The trustee asked everyone "did you receive a payment of more than $5000 from anyone in the last year?" We did, and spent it on home repairs and auto repairs. See any problems forthcoming?
Thanks

[keepmine]

Hello, Just to expand on this question, we received a tax refund of 9000 total federal and state 7 months ago, and our 341 is next week. The trustee asked everyone "did you receive a payment of more than $5000 from anyone in the last year?" We did, and spent it on home repairs and auto repairs. See any problems forthcoming?
Thanks

I see no problems. You received and spent it months before you filed.
Just tell the truth. He's likely looking to see if you still have any of it or, repaid an insider like a relative.

[lookinupn09]

Thanks 'keepmine', appreciate the response!

PS The trustee also asked if you have ever been in business for yourself, and I was wondering, should you say yes, even if it was 1982 to 1984?

[lookinupn09]

Thank you keepmine, appreciate the response.

PS: The trustee asked everyone if they have ever been in business for themselves. If it was in 1982 to 1984, should the response be in the affirmative? How far back do they expect you to go?

[keepmine]

I'd just tell the truth.If he asked and open ended question like that, just say yes about 25 years ago.

[BigJohn]

Hello, Just to expand on this question, we received a tax refund of 9000 total federal and state 7 months ago, and our 341 is next week. The trustee asked everyone "did you receive a payment of more than $5000 from anyone in the last year?" We did, and spent it on home repairs and auto repairs. See any problems forthcoming?
Thanks

I would not look at a tax refund as a 'payment', others might. It is your money and you over paid.