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.