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Income Tax Return Question

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    Income Tax Return Question

    First i want to say i could not have gotten thru the initial filing without of of you wonderful people on here. Filed on 2/28/12

    Now onto my question:

    First plan payment of 600.00 was paid in March and we are ready to make the 2nd payment. Our 341 meeting is scheduled for May 1. We just received the paper work on our tax return and it appears we are getting 1500.00 more than what we initially listed on our paperwork (We were not allowed to keep the tax return). We also recieved a document from the IRS stating the someone has frauduently filed a return using my husbands social sec. #. We have filed the paperwork with the irs and now we wait.

    I am wondering if there is any possability that we would be allowed to keep the tax overage, since the amount coming back is more than initially calculated? We have 2 older cars (1988 & 1998) that need some repairs; as well as repairs to a leaky roof.
    Thanks for any information you can provide!

    #2
    these are questions you should direct towards your attorney as he/she will know how your particular trustee deals with certain issues.

    Best of luck!

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      #3
      Unfortunately, the answer depends on your exemptions and the practice of the chapter 13 trustee in your area. Generally, if there is no exemption to protect the funds, the trustee will probably want all or a portion of your tax refund.

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