0
All money is income in bankruptcy.
Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Does the state of Ohio tax widow's benefits?
Social Security benefits are exempt from Ohio state income taxes.
Is the child tax credit exempt from bankruptcy in Ohio?
yes they do take your child tax. i just payed mine and now they are wanting my car i payed off. I am trying to find out how to get it so they can not take my only car.They told me that is the car is more then 1000.00 they can take it First, State isn't important. It depends on what Federal circuit court you file in (Bankruptcy is a federal law, an while circuits define somethings differently, it may not be too substantial a difference). It is true that most circuits have determined that the tax credit is part of the bankruptcy assets. However, some portions of the credit may not be, and like anything to do with the taxes of a bankrupt, which portion are from before and which portion are from after your filing is important (taxes from before filing are part of the BK, after, not).
Are social security in the state of Ohio exempt from garnishment laws?
Yes, as is most other forms of federal income except wages.
Do you have to claim yearly bonus on your unemployment in Ohio?
You are supposed to report any income you receive. It it's exempt from reporting, they'll tell you. If you should have reported an income, there could be serious consequences.
If you reside in Florida but work for an Ohio company do you have to pay Ohio Taxes?
i don't know about Ohio but usually you have to file for each state you make income in, but some states you'll be exempt if you make a small enough income there or you're stationed in the military and don't live there, but some states don't have income tax at all. check the state requirements before you file
What property is exempt from collection in Ohio?
Property exempt from lawsuit judgment is the same that is allowed in bankruptcy. Unfortunately, Ohio law gives the consumer very poor protection from judgment creditors. Basics: Homestead exemption $5,000. Private disability benefits, $600 (monthly) Personal property not to exceed a combined total of $2000. "Wild Card" any property not to exceed the amount of $400. Federal non bankruptcy exemptions are applicable (such as Social Security, pension benefits, etc.
Can a spouse domiciled in Ohio keep separately earned income to oneself?
If the income resulted from property or an investment before the marriage occurred. Inheritances are considered separate property regardless of when they were conferred.
Do you have to file an Ohio state income tax return?
Who Must File an Ohio Income Tax Return? Every Ohio resident and every part-year resident is subject to the Ohio income tax. Every nonresident having Ohio-sourced income must also file. Examples of Ohio-sourced income include the following:  Wages earned in Ohio (Note: See "Exception," below);  Ohio lottery winnings;  Income or gain from Ohio property;  Income or gain from a sole proprietorship doing business in Ohio; AND  Income or gain from a pass-through entity doing business in Ohio. Exception. A full-year nonresident living in a border state does not have to file if the nonresident's only Ohio-sourced income is wages received from an unrelated employer. You do not have to file an Ohio return if . . .  you are single, 65 or older AND your federal adjusted gross income is less than or equal to $11,500 AND you have no Schedule A adjustments.  you are married, filing jointly, 65 or older AND your federal adjusted gross income is less than or equal to $13,000 AND you have no Schedule A adjustments.  your only source of income is retirement income that is eligible for the retirement income credit (line 48) AND the credit is the same or larger than your tax before credits (line 6).  your exemption amount (line 4) is the same as or more than your Ohio adjusted gross income (line 3). Remember that Ohio also has a variety of local income taxes and school district taxes. You may also have to file returns for those in addition to your state return.
Does non residents have to file Ohio state icome taxes on 1099 income?
If the 1099 income is Ohio-source income, then yes.
How long is bankruptcy on credit report in Ohio?
10 years
How do I know if I qualify to file bankruptcy in the state of Ohio?
Who really cares
What does it mean in a chapter 7 Ohio bankruptcy when your vehicles are marked as redeem the property and also marked as non exempt?
It means that you failed to properly exempt the vehicles or their value is in excess of the exemptions available, hence "non-exempt." To keep the vehicles, you must "buy" them from the trustee at an agreed-on price, which means "redeeming" the property from the bankruptcy estate. If you filed without a lawyer, you probably failed to take the exemptions, which is the most common mistake made by do-it-yourselfers. You may be able to amend your Schedule C to take the appropriate exemptions. You are only entitled to one vehicle exemption per person. Other vehicles need to be sold or redeemed.
