bankruptcy income tax return
Veteran’s Education Benefits and Bankruptcy?
Hello…
I filed for Chapted 7 in April of 2004, it was discharged in October 2004. My husband used to receive Education Benefits from the VA. They had made a mistake and overpaid him. The ammount was discharged under our Chapter 7. However, the VA has garnished our income tax return, and says that we still owe it. Can anyone out there shed some light on this? I know that student loans can’t be discharged, but this was a benefit he received, not a loan…
The debt to the VA was not discharged because it is a debt owed to a government agency which might be less than 3 years old. See section 507(a)(8) of the Bankruptcy Code. So the reason it is non-dischargeable is that it is owed to the government, not because it is a student loan.
|
|
When a tax return is not a return.: An article from: Journal of Accountancy $9.95 This digital document is an article from Journal of Accountancy, published by American Institute of CPA’s on December 1, 2009. The length of the article is 873 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: When a tax return is no… |
|
|
Temp. regs. on attribute reduction when a consolidated group member realizes DOI income.: An article from: The Tax Adviser $5.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on January 1, 2004. The length of the article is 831 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitl… |
