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    Claiming dependants

    I claim zero and have extra money taken out of my check so I will not have to pay taxes when they come due. Should I change that so they won't take my income tax check or would that look bad? Thanks for your help! SandT

    #2
    I did that recently myself...they will want your tax return, I think. I'm not sure if it will look bad, but I don't see why it would. I will pay all taxes due.
    This is all my opinion...I have not even retained an attorney yet so I'm pretty ignorant except for what I have learned in this forum.
    Filed Ch 7 - January 29th, 2008
    341 - February 29th, 2008
    Discharge - June 20th, 2008
    Closed - October, 2008

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      #3
      Originally posted by sickandtired8 View Post
      I claim zero and have extra money taken out of my check so I will not have to pay taxes when they come due. Should I change that so they won't take my income tax check or would that look bad?
      No, it will not look bad. Adjust your withholdings today - here's the IRS withholding workbook to help you do it - http://www.irs.gov/pub/irs-pdf/p919.pdf . Uncle Sam is the worst savings account possible - big refunds mean you allowed the govt to use your money free of charge without any interest for you for an entire year!
      I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

      06/01/06 - Filed Ch 13
      06/28/06 - 341 Meeting
      07/18/06 - Confirmation Hearing - not confirmed, 3 objections
      10/05/06 - Hearing to resolve 2 trustee objections
      01/24/07 - Judge dismisses mortgage company objection
      09/27/07 - Confirmed at last!
      06/10/11 - Trustee confirms all payments made
      08/10/11 - DISCHARGED !

      10/02/11 - CASE CLOSED
      Countdown: 60 months paid, 0 months to go

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        #4
        Thx!

        Originally posted by lrprn View Post
        No, it will not look bad. Adjust your withholdings today - here's the IRS withholding workbook to help you do it - http://www.irs.gov/pub/irs-pdf/p919.pdf . Uncle Sam is the worst savings account possible - big refunds mean you allowed the govt to use your money free of charge without any interest for you for an entire year!
        Thanks for your reply! I will fix it on Monday. S&T

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