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| Author: |
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Maryjo |
| Date: |
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March 6, 2005 |
| Question: |
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Can income tax returns be held, if all of the commitments have been met (payments all made to date), but the individual has not been released as yet?
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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March 8, 2005 |
| Answer: |
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Tax refunds for years up to and including the year the bankruptcy is filed are considered to be assets of the estate and must be paid to the Trustee.
Ann Clarke
phone: (403) 296-2972
aclarke@alger.ca
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