Chapter 7 + Taxes+ Divorce
Date: Wed, 12/09/2009 - 06:41
Hi,
Hi,
I live in Ohio, and filed for Chapter 7 in September, 2009, I have no assets and was wondering if I need to file these bankruptcy debts (credit cards)on my tax return. My husband and I are going through a divorce and he did not file for bankruptcy, our divorce should be settled in 3-4 months. Since I am not employed he will have to claim me on his tax return for 2009, will my bankruptcy affect his returns? He may come after me for this money.
Thanks
Distressed, Ohio
Hi,
I live in Ohio, and filed for Chapter 7 in September, 2009, I have no assets and was wondering if I need to file these bankruptcy debts (credit cards)on my tax return. My husband and I are going through a divorce and he did not file for bankruptcy, our divorce should be settled in 3-4 months. Since I am not employed he will have to claim me on his tax return for 2009, will my bankruptcy affect his returns? He may come after me for this money.
Thanks
Distressed, Ohio
Discharged debts under bankruptcy aren't considered as taxable i
Discharged debts under bankruptcy aren't considered as taxable income. Hence, it might not alter his tax payment.
Here is an useful resource from IRS.
"http://www.irs.gov/individuals/article/0,,id=179414,00.html"
