bankruptcy and income tax refund
September 2nd, 2008 by Questions
Ok , if one has gone bankrupt on Feb/07 and their income tax is filed by the trustee- (2006 income-thats 2007 income tax period- Then trustee would file the 2008 income tax for income from 2007 – Two files are done –
2007 income and a tax report for Jan07-Feb 07- pre bankrupcy- Now 2006 was not a refund- clients owed revenue canada- these balances were wriiten off due to bankruptcy and then the 2007 income tax year , there is refunds because they used son`s tuition fees , available.
Dose the bankrupt client receive their income tax refund, if the trustee is paid off its fee of 1950.00
And this is the clients second bankruptcy.The system when checked says file was not processed yet. Its 4 months since income tax was filed. Is it necessary to get a discharge before income taxes are refunded?
Posted from: Nova Scotia