Does filing for Ch7 impact end of year tax returns?

[mark1210]

What is the name of your state? Texas

Hello, got a quick question. Does filing for and being discharged with a ch 7 impact your ability to get a tax refund (if entitled)?

Thanks!

 

[bigun]

No, you can get a tax refund but, the trustee may declare it as the property of your estate and you'll have to turn all or part of it over to the truatee when you receive it.

 

[dbake]

So, then, is it better to have a tax pro look over and adjust your status so that when tax filing time comes you break even? I usually get a refund from federal.

 

[bigun]

Don't start playing games with your taxes just before filing. Yes, you can have less dollars withheld which could show you've more disposable income and you may not get the Chapter 7 discharged.