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Do you have to claim your children on your income tax if you file bankruptcy?
Wiki User
∙ 14y ago
First you need to figure out if they are your dependents--living with you, you provide more than 50% of their support, and so on. If you can claim the children, you may have some deductions.
Wiki User
∙ 14y ago
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Can you file bankruptcy with income coming in?
Yes, you can file with an income coming in, which chapter of bankruptcy you file depends on your income
Can you file a claim in a bankruptcy for repossession fees?
Sure
Just got married have to file bankruptcy but my wife filed in 2003 can i still file with her?
You might be able to file bankruptcy individually, but the bankruptcy trustee will scrutinize joint assets and income to determine whether they must be included in your individual filing. Therefor, there may be more reasons that the bankruptcy trustee would determine as cause to dismiss your bankruptcy claim. Note that if rejection of your bankruptcy claim is upheld by the bankruptcy court, actually your have only lost your time and expenses to file that particular bankruptcy claim. An excellent book for detailed perspective on filing chapter 7 or chapter 13 bankruptcy: "The New Bankruptcy, will it work for You?" 3rd edition (published in 2009 by Nolo), by Stephen Elias. I found this book in the Colorado Springs public library under 346.078 E42N (Dewey decimal).
Does an S Corporation have to file a Schedule K-1 after it has filed for bankruptcy?
Absolutely. The filing of bankruptcy does not alter your obligation to report and file taxes, except perhaps to make it more nessasary. The IRS is a creditor, your return is what will be used to determine how much they have a right to file a claim for. If you do not file, they will either determine your tax....(a bad thing)...and file a claim, or you may not relieve the tax in bankruptcy and be liable in the future. Agreeably, you may have losses, and not have a tax or income to pass to the shareholders...but you would have a loss to pass on.
Do people that have foster children have to file taxes?
People with children, foster or biological, can claim them as dependents which offers a substantial tax advantage, however they do still have to file their income tax return.
If you are not listed as creditor on chapter 11 bankruptcy?
File a proof of claim
If you claim a parent receiving ssi disability benefits do you have to file their income on taxes?
No. But they can't claim themselves if they file. No. But they can't claim themselves if they file.
Does a child's income have to be reported on the means test when the parents file bankruptcy?
No.
What happens when a creditor doesn't file a proof of claim in a bankruptcy case?
If it is not a secured debt it will be included in the bankruptcy discharge.
Claim bankruptcy of your car for dwi lost?
can file bankrupcy if i lose my car
How many times can you file Chapter 7 bankruptcy and can you claim taxes?
No limit
Can a creditor file an adversarial claim in bankruptcy court in a personal 7 bankruptcy for something that they contend occurred during a business bankruptcy 2 years previous. No claim was filed then.?
No, a creditor is required to file a claim if seeking payment, otherwise that claim is considered waived. So in this case. if there was no claim, then it was waived and the debt discharged. But even if it was filed, it would have been discharged in the business BK.
