income tax and bankruptcy
May 25th, 2006 by Questions
what happens to your pre-bankruptcy income tax when you file for child tax? Is it included or is only the post-bankruptcy income tax?
3 Responses to “income tax and bankruptcy”
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May 25, 2006 at 1:16 pm, Barton Goth, GCO Inc. Bankruptcy Trustees said:
Your child tax benefit is calculated based on your total income for the year (i.e. pre and post bankruptcy returns).
May 25, 2006 at 1:21 pm, Anonymous said:
if you owe income tax and you file for bankruptcy Do you still owe the taxes
May 25, 2006 at 7:13 pm, A licensed trustee said:
Taxes are discharged when you go bankrupt (meaning that you don’t pay the taxes owing when you go bankrupt).