Tax filing should I wait?
March 10th, 2007 by Questions
I just completed my taxes for tax year \’06, but didn\’t actually file them yet. My husband and I are planning on filing bankrupty at the end of this month. The results of the tax return are I owe the cra 4000.00 and he is owed a refund of 2500.00. Should we use his refund to pay my balance owing? Should we wait to file until after we start the bankruptcy process? We could really use his refund due to our present financial situation…would it be wrong/fraudulant for us to use his refund for household expenses and not pay my balance as it will be part of the debt included in the backruptcy? Please advise.