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Frequently Asked Questions

What happens to my income tax returns during bankruptcy?

S. Funtig & Associates, Inc.
You are required to provide the trustee with information necessary to file your year prior and pre-bankruptcy returns. The pre-bankruptcy return is for the period of January 1st to the date of bankruptcy. Any refunds are assets of your bankruptcy estate. The post-bankruptcy return is for the period of the date of bankruptcy to December 31st. This return must be filed with Canada Customs and Revenue Agency no later than April 30th of the following year.
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What happens to my income tax returns?

Personal Bankruptcy&Consumer Credit Counseling - Edmonto...
A pre-bankruptcy income tax return for the period from January 01 to the date of bankruptcy. If there is an amount owing for the period prior to the bankruptcy date, it will be discharged in the bankruptcy. A post bankruptcy income tax return for the period from the date of bankruptcy to December 31. Again, the Trustee will retain any refund from this income tax return however, if there is a balance due on the post bankruptcy income tax return, the amount due is your responsibility.
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Who Files My Income Tax Returns?

Personal Bankruptcy, Frequently Asked Questions :: A.C. Poir...
The Trustee will file the income tax returns for the year you file for bankruptcy. There are two returns filed: one covers January 1 to the date of bankruptcy (the pre-bankruptcy return) and the second covers the period from the date of bankruptcy until December 31 (the post-bankruptcy return). You must provide the Trustee with the information required to file these returns.
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Do you prepare income tax returns?

Donaldson Niblett Financial Group: FAQ
While we do not offer income tax preparation, we are happy to refer you to one of the many accountants in our network.
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What are Federal Income Tax Returns?

deg;EBT - Our Services are your Advantages °
By the end of January, you will receive via mail a document containing all pertinent salary and tax information from the past year. You will receive a separate document from each company that employed you over that time period. You will also receive similar documents from your bank if you have an interest bearing account. You will receive a Federal Income tax form from the government in January. You can either fill out the form yourself or take it to an accountant.
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Do you file income tax returns?

Ease Financial Solutions, Greater Nashville, Tennessee
Yes, we can file them. If we provide bookeeping for you, we prepare everything in the proper form so your accountant can prepare your tax return expediently. Providing precise, clear records is beneficial to your accountant-and results in lower accounting fees for you.
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How do I handle income tax returns?

Newfoundland, NL, bankruptcy faq. Newfoundland, NL, question...
The Trustee prepares a pre-bankruptcy tax return from January 1st to the date of bankruptcy and any refund for that period, as well as refunds of previous years not yet received, will be kept by the Trustee. A post-bankruptcy tax return for the period from the date of the bankruptcy to December 31st may be completed by the Trustee. Any refund resulting from this tax return may belong to the Trustee.
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What happens if I find that I am entitled to a refund for my prior year’s income tax returns?

Personal Bankruptcy&Consumer Credit Counseling - Edmonto...
Any refunds relating to tax years up to and including the year of bankruptcy, are property of the bankruptcy estate and must be used to pay creditors via the Trustee.
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Do I need to mail a copy of my income tax returns to the US Department of Education processor?

Bellin College of Nursing - Financial Aid FAQ's
No. You should never send a copy of your income tax return along with the FAFSA (if you are mailing the paper form). If your application is randomly selected to undergo Verification (insert link to the Verification question), you will be required to submit copies of your income tax returns to the financial aid office, but you should not do so unless requested.
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Who has access to my federal income tax returns?

Denney & Denney - Frequently Asked Questions
Unfortunately your tax returns and related files are shared with employees of at least a dozen other federal agencies, and almost every state revenue department in the United States. Security is reasonably good at the IRS, but is less secure at other federal agencies and almost nonexistent at the city, county, and state level.
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What if I have not filed income tax returns for each of the most recent three tax years?

Affidavit Form I-864 - Tax Returns
If you were required by law to file a tax return in any one of the three years immediately prior to your relative's immigrant visa interview, you will be required to furnish a tax return. If necessary you will be required to file retroactively with the IRS and provide a copy of the returns.
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On what years' income tax returns are the income tax credits allowed?

FAQ: Property Tax Relief, Office of State Tax Commissioner, ...
The property tax relief program is a 2-year program. For the first year of the program, the income tax credits are allowed on the 2007 North Dakota income tax return, and are based on the 2006 real estate taxes and the 2007 mobile home taxes. For the second year of the program, the income tax credits are allowed on the 2008 North Dakota income tax return, and are based on the 2007 real estate taxes and the 2008 mobile home taxes.
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Do I need to submit tax returns?

WSU - FAQs
If your FAFSA is selected for the federal review process called verification, you will need to submit signed copies of your--and possibly your parents--federal tax returns. If you are selected for verification, you will be assigned verification requirements on your Financial Aid and Scholarship Requirements link on WINGS Express. You will be required to complete and submit a verification worksheet along with signed copies of the appropriate tax documents to the Office of Financial Aid.
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ARE THERE TAX RAMIFICATIONS TO MY FILING BANKRUPTCY?

Law Offices of Brad Kurlancheek - Northeastern Pennsylvania ...
Generally, no. Filing Chapter 7 bankruptcy is generally not a "tax event." A person does not incur less or more income taxes by filing bankruptcy. It has no effect. No. Creditors do not have to show up to the bankruptcy meeting and rarely do. Creditors have up till 60 days from the date of the meeting to object. Again, it is as rare as snow in May that a creditor objects to a debt, and it is usually something which you and I have talked about prior.
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How long do you keep copies of personal income tax returns?

Department of Revenue: Personal Income Tax Assistance and Co...
Timely filed returns are destroyed four years after the due date of the return. For example, 2003 returns are destroyed after April 15, 2008. Delinquent (late) returns are kept four years after the returns are filed with the department. Returns for open accounts with a balance due greater than $100 are kept indefinitely. If an account balance is less than $100, the return is destroyed, but information reported on the return is retained by the department. IRS Audit:
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Do income tax returns need to be completed in order to complete the FAFSA?

Higher Education Coordinating Board
It is a good idea to complete your federal tax return before you complete the FAFSA since exact tax information can simplify and speed up processing. If you cannot do this in time to meet school priority deadlines, use estimated figures. If your estimated figures differ from the actual figures, make corrections on your Student Aid Report (SAR) or contact your school’s financial aid office to learn how to correct the information.
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What is the deadline for individuals to file their income tax returns?

April 30 is the deadline except those who are self-employed. To avoid penalities you must file on time even if you cannot pay the balance. Interest is charged on outstanding balances.
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Will our premiums be deductible as respects our income tax returns?

Frequently Asked Questions
It is our intent that these premiums be deductible under current tax law. Our taxation counsel is available to provide each shareholder with a discussion of the tax law on this and other topics upon request.
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I earned rental income from several properties. Which tax returns should I complete?

Property Tax Returns
You should report rental income of all of your solely owned properties in your Tax Return - Individuals (B.I.R.60). The rental income for each of the properties for which you are a joint owner or an owner in common is to be reported in a Property Tax Return (B.I.R.57). Annual Property tax Returns are issued to the owners of jointly-owned or co-owned properties on a property-by-property basis, and can be completed and submitted by any one of the owners.
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Are my losses deductible on my state and federal income tax returns?

Roles, Rights, and Responsibilities: Frequently Asked Questi...
Usually not. But because tax laws are complicated, consult a qualified tax advisor to find out for sure. When a person is arrested for a fraud crime, the government makes exhaustive attempts to locate and, when allowed by law, seize the offender's assets. However, some fraud criminals place their money or other assets in offshore accounts, making it hard for the government to get them.
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What is the due date for filing income tax returns of a juristic person?

FAQs : Taxation
A juristic person must file half-year tax returns no later than two months after the first six months of an accounting period and annual tax returns no later than 150 days after the end of the accounting period. There is no consolidation treatment under Thai tax law. Each corporation is taxed as a separate legal entity.
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I haven't filed income tax returns for several years. What should I do?

Department of Revenue - State of Montana
Obtain forms and file all late returns at this time. See the information about obtaining forms. If you have questions, write to us at Montana Department of Revenue, P O Box 5805, Helena, MT 59604-5805, e-mail us, or call us at (406)444-6900. Respond to the letter. If you did file the returns, send copies of them with your reply. If you didn't file, explain why not. On the back of the letter or on a separate sheet, list the type and amount of your income and the year you received it.
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Do you prepare income tax returns or estate planning documents?

The Wealth Conservancy, Inc. - FAQ
No, we believe it is best for our clients to use specialists in these areas, who are often already in place. We work with your own professionals to provide income tax and estate planning services. By working as a team, we ensure that our clients are using the most current tax reduction and estate planning strategies and that all plans are working in concert with each other.
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What happens if my problem or pain returns?

Orthopedic Rehab Specialists | Faq
Flare ups are not uncommon. If you have a flare up (exacerbation), give us a call. We may suggest you come back to see us, return to your doctor, or simply modify your daily activities or exercise routine.
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What happens to someone's Income Tax affairs when they die?

FAQ | Wills & Probate
When someone dies, they are entitled to their normal full year's worth of allowances. A tax return will need to be completed for the last period of their life from 6 April up to the date of their death and the tax will have to be worked out accordingly. Income arising after death is treated as the income of the estate and becomes the responsibility of the trustees or executors.
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I haven't been required to file tax returns in the U.S. Can't I use my New Zealand tax returns?

IV FAQs - U.S. Embassy Wellington, New Zealand
U.S. Immigration laws and regulations require that the petitioning relative or joint sponsor submit the most recent U.S. Federal Income Tax returns - not foreign tax returns. IRS requires Americans and lawful permanent residents who are working abroad to file a return even if most or all of their overseas income is excluded from U.S. taxes. For information on filing U.S. federal tax returns and declaring foreign income check the IRS website's Frequently Asked Questions.
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Should a hospital take into account a patient's or his/her family's tax returns to determine income?

OHA :: HCAP FAQ's
No scholarship or grant that is specifically earmarked for tuition should be counted as income. In general, a scholarship or grant is paid directly to the college or school. If one is payable to the student, the portion of it that goes toward tuition would not be counted as income and the portion that goes to living expenses would be counted as income. If documentation is required, a hospital may ask the patient/student for tuition receipts from the college or school.
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Do I have to electronically file my federal and state income tax returns at the same time?

Electronic Filing - Wisconsin Department of Revenue
No. Wisconsin is a "piggyback" state. This means that Wisconsin's electronic filing program works in conjunction with the federal electronic filing program. If you file online or through a tax preparer, you can file both your federal and state income tax returns together. If you e-file your federal return, you can still e-file your Wisconsin return at a later time, if your software supports state-only returns.
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Do income tax returns need to be completed before completing the FAFSA?

Frequently Asked Questions | WFAA
It is a good idea to have completed the federal tax return before completing the FAFSA since exact tax information can make processing faster and simpler. If this cannot be done in time for you to meet the priority filing date at the school(s) in which you are interested, use estimated figures when completing the application.
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