answersLogoWhite

0


Best Answer

The party involved will have to remit the amount to the trustee or formerly exempted property can be seized and liquidated to cover the amount of the tax refund. If neither option is possible the trustee can request that the BK be dismissed with prejudice.

User Avatar

Wiki User

18y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What happens if you spent your tax return and the trustee wants you to pay it to him?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

How much would direct deposit cost for income tax return?

It is botht the free and preferred way IRS wants to send refunds.


You live and work in one state and have a rental property in another state. Do you have to file a tax return in the other state?

Yes the state where the source of the rental income is from wants some income tax on that rental income that you have received from the nonresident state. A nonresident state income tax return will have to filed with the state where the rental property is located.


How often can the IRS audit an individual?

Pretty much as much as it wants or feels necessary.However, if the IRS audits you two years in a row and finds no change to your tax return they cannot audit you again for that specific item that was unchanged for several years.


How do you request an extension of the deadline for filing your tax return?

You can get an automatic six-month extension of the deadline for filing your income tax return. To request an extension, submit Form 4868 (Application for Extension of Time to File U.S. Individual Income Tax Return). It's important to remember that the extension gives you extra time for getting your tax return in order for the IRS. But it doesn't extend the time you have to pay tax due (if you're not getting a refund). Any amount not paid by the April deadline is assessed interest. A late payment penalty is charged if you haven't paid at least 90 percentof your total tax by the April deadline. If your return is completed but you can't pay the full amount of tax due, the IRS wants you to file your return on time and pay as much as you can at that time.


Penelope wants to search a transaction database to find all customers who spent more than 500 in one day so that these people can receive a coupon. What is the best way for Penelope to find this infor?

she could add search parameters to only find records that have transaction totals higher than $500

Related questions

Dose a trustee have the right to do what ever she wants with a trust?

No. The trustee has only the powers set forth in the document that created the trust. You must review the trust document to determine what the trustee must do, may do and may not do.


If the trustee wants to dismiss your Chapter 7 for bad faith due to last minute excessive spending of a tax return how long until you can refile?

You can try refiling in 180 days. Unless there are extentuating circumstances.


If paid cash for car and dealer wants it back what happens?

Unless the buyer agrees to return the car, then nothing (...obviously??!).


You want return money back of delhi cricket match?

Why not Everybody wants their money back of Delhi cricket match. Because no match happens their.


Does holden want to be The Catcher in the Rye?

Holden wants to return to the time in his life when he was at peace, he wants to be in control of what happens not only to him but to the ones he cares deeply for and he wants to escape the depression that overcomes him, in order to replace it with a simple, care-free life that requires no strife.


Can you buyout Chapter 13 with lottry winnings?

You have to tell the trustee about your windfall. Your never barred from paying your debts....everyone wants you to...you just didn't!


Can the named account holder with a named trustee freeze the account?

Yes he can. He doesnt only have the power to do so he can migrate your testicles to his vagina if he wants to


If you wants to go nasa how much money will be spent?

Your question needs clarification


What do you do if he wants you to wear his shirts after the breakup?

Politely return them.


Can an overridden method return void instead of an object?

Sure. An overridden method can return anything it wants.


Why does El Gato return to the rain forest?

Because he wants to.


Why is it ironic that tituba wants to return to barbados?

she is afraid that they will kill her