How do I claim tax refunds during Chapter 13 Bankruptcy?

Claiming your tax refunds while in Chapter 13 Bankruptcy in Virginia can be a confusing process. First and foremost, you must have your bankruptcy petition filed before you can make any claim to a tax refund. Next, you must determine whether the proposed payment plan for your Chapter 13 case provides for the payment of income tax refunds. If it does not, you must modify the plan to provide that the refund be paid directly to you or used to reduce your recurring monthly payments. When filing your taxes, you must indicate on the form that you are in Chapter 13 bankruptcy. This will allow the IRS to take the refund from your tax return if your plan proposes to pay the refund to the Chapter 13 Trustee. In addition, you must keep the Chapter 13 Trustee updated on your income tax filing status. For example, if you file a joint return with your spouse, the Trustee must receive copies of the return, the payment of the refund, and other information related to the return. By following the above steps, you should be able to make a successful claim to your tax refunds in Chapter 13 Bankruptcy in Virginia. Remember to keep the Trustee informed of any changes to your income taxes and to make sure your payment plan is up to date. With careful planning, you should be able to get the most out of your returns during your bankruptcy.

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How do I claim tax refunds during Chapter 13 Bankruptcy?

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