Tax returns after bankruptcy
September 30th, 2007 by Questions
We filed bankruptcy last year and are still waiting for our 2006 tax returns to be processed (the pre-return, filed in April has finally been processed, and we`ve been told it`s up to another 20 weeks for the post-return to be processed). I knew it took a long time to process the tax returns, but didn`t realize it would be this long!
My question is – when we file our 2007 tax return, is there anything unusual about it? Our trustee told us that we will have to file a paper return, that we cannot file electronically the first year after bankruptcy. Other than that, is there anything we should be prepared for? Will our tax return next year be considered the same as any non-bankrtupt individual filing a paper return, as far as processing times go? This year has been a bit stressful, all the waiting, and I`m hoping that next year will be `normal` again.