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| Author: |
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Rock |
| Date: |
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March 23, 2005 |
| Question: |
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Tax returns - who does the refund go to? 1st year? Second? 3rd? how many returns must the trustee file?
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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March 24, 2005 |
| Answer: |
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Refunds for the tax years before the bankruptcy and the tax year in which a person files are considered to be assets of the estate. If there is a delay in the discharge, subsequent year refunds could also become assets of the estate.
Ann Clarke
phone: (403) 296-2972
aclarke@alger.ca
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