I am on a 3 year payment plan to pay 06 taxes to the IRS.
Is this payment included in my monthly expenses for the means test?
Is this payment included in my monthly expenses for the means test?
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Should be. The IRS is considered a Priority Creditor by the BK Court.
If you make a "Preferential Payment" to the IRS over other Creditors, the Trustee is not gonna go back to the IRS for the money. Just ain't gonna happen. So your IRS payments should be an allowable deduction on the Means Test.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...
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