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Income Tax

If I file in March and am discharged in November does the trustee do my income tax in January or Feb of the following year?

Posted from: Ontario

One Response to “Income Tax”

A licensed trustee said...

It literally depends on the arrangements you made with your trustee when you filed for bankruptcy. If you are not certain, I suggest you call your trustee and ask them.

In our practice, we only prepare something called the PRE bankruptcy tax return – it covers the period from Jan 1 to the date you file. A second tax return, called the POST bankruptcy return covers the period from the day after you file until Dec 31. Your trustee is not required to prepare this return, although many do and take the refund. It is a good idea to ask your trustee about this BEFORE you file.