answered on Aug 26, 2022
Here's some basic information on student loans and Bankruptcy. My firm, Amann Burnett, PLLC, handles creditor and debtor side representation concerning student loans.
11 U.S.C. § 523(a)(8) excepts from discharge a student loan if requiring repayment "would impose an undue... Read more »
We have 5 kids and 20 years worth of all you can imagine from that and inherited items. We both work, I make over 100k. This thing I’ve been procrastinating to do is a ton of work but also fun and rewarding. I’m probably going to hit the 20k cash in threshold for PayPal to issue a 1099. I’ve... Read more »
answered on Sep 19, 2020
The IRS has what’s considered a the hobby loss rules, which is essentially they will check to see whether you have entered into business with a profit motive. If you never make a profit and your intent is to tak the losses on your return, the IRS will consider what your doing a hobby and not an... Read more »
I may file bankruptcy. Is the real property in the trust considered my asset? Can it be taken away from me? (I am co-trustee and beneficiary)
answered on May 2, 2020
The answer could go either way depending on the terms of the trust. Have an attorney who understands trusts and asset protection review this trust.
i did not have a job 8 yrs ago when doc was made. have job now and i have joint custody
answered on Jan 14, 2020
IRS rules allow for the custodial parent to claim the child every year. Under IRS rules the custodial parent is whoever has the child more.
However, if you violate the court order you are subject to a contempt proceeding. You should negotiate with the other party or file for a revision to... Read more »
No taxes were withheld so we now owe. Does he have any recourse?
answered on Feb 11, 2018
Your husband will need to pay the taxes he owes. The IRS will be of the opinion that he should have noticed that taxes were not being withheld and corrected the issue. As far as the money that he owes, he can set up a collection alternative if he cannot pay the balance due. If the amount owed is... Read more »
Isn't your disposable monthly income calculated using your gross income which essentially includes the "yearly tax refund" amount? If we are using our disposable income to fund the plan at 100% payback, how is it legal for the trustee to take more to get it faster? Legally don't... Read more »
answered on Jan 26, 2018
Chapter 13 plans are funded by "disposable income" of the chapter 13 bankruptcy estate, which is based on "household income". Included in most NH chapter 13 plans is a provision that requires chapter 13 debtors to pay over to the trustee all income tax... Read more »
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