Income Taxes and Surplus Income
May 2nd, 2013 by Questions
Hi. I claimed bankruptcy in late November. My post bankruptcy tax return left me with a debt owing for income taxes. Can you please explain to me why I can’t use the amount that I have paid as a surplus income adjustment? If it had been a return it would have been considered income. I’ve tried asking my trustee why but they don’t give me an explanation. To me, if taxes had been taken correctly off of my pay then I would have had a lower amount of net income and a lower surplus income in December.
Posted from: British Columbia