straight from horses mouth re: tax refund

[nervousnellie]

A very good answer and right on the money.

This tax person is an idiot...after all, he works for H&R block...I don't think they even hire certified accountants.

The tax refund issue is "district" specific. In some districts, debtors are required to sign a release allowing the trustee to intercept all tax refunds, in others, no such thing happens.

Ok HHM " After all he works for H&R Block"?What exactly do you know about H&R Block?
What kind of statement is that? You don't think they hire certified accountants? What about Enrolled Agents?
Let me educate you. I have worked for 23 years for "H&R Block".I am an Enrolled Agent.There are several other Enrolled Agents in my office and District,and many more across the country. We take and are required by the company and the IRS to take SEVERAL hours of continuing ED. each year.Most E.A.'s and other preparer's take more than required because they want to be able to prepare an ACCURATE tax return and help their client's with their tax and financial situations.I'm not saying there are not SOME who give the wrong advice or screw up a tax return,I have made a few mistakes in my 23 years, after all I am human, but I have learned from those mistakes.And I agree there are a few who need to get out of the business,but Please do not judge us all by a FEW.

[wayne-o]

in my 36 months of chapter 13 I filed 3 times efiling and I always received my refund through direct deposit using taxcut software.

[HHM]

that info more likely came from the other end of the horse

A very good answer and right on the money.

This tax person is an idiot...after all, he works for H&R block...I don't think they even hire certified accountants.

The tax refund issue is "district" specific. In some districts, debtors are required to sign a release allowing the trustee to intercept all tax refunds, in others, no such thing happens.

[stljohn]

that info more likely came from the other end of the horse.

i mean he's a tax guy, he took 100 hrs on how to fill in tax forms, that doesn't lend any insight into the bk process.

i've read that some trustee's have the irs intercept returns but in that case it won't be delayed you won't get it, its going directly to the trustee.

i think, but don't know, that most trustees do what mine does which was to ihave me sign the refund check and send to him.

[arkienurse]

Are you saying that they told you ALL people in Chapter 13 have delayed refunds due to it being sent to the courts first???

That has definitly not been the case with me. I have been efiling my taxes using turbo tax program for the past 2 years. The year before that we did one of those RALs with Jackson Hewitt. The last 2 years my tax refund has been direct deposit straight from the IRS within 4-5 days of my filing. And even the other year, there was no delay that I know of in my refund coming in.

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I just went back and read some of your old posts, and I see that your district does things differently than mine. In fact it may also be due to me being old law. My trustee never asked for my refunds.

[doglover]

I asked a tax preparer from H&R Block about refunds in Ch. 13 and about banks getting money from our refund. This is what she said:


"When in bankruptcy, your refund goes straight to the court system, and then from there it is sent to you. So yes, your refund will be delayed, the time frame varies depending on the court system. You choosing direct deposit has no effect on what will happen.

Also, be aware that the IRS has not accepted any returns. This will not start until Friday, January 11th.

On the offset of debt question, yes H & R Block does have agreements with other companies to collect certain debts. This would only affect you if you choose one of the bank products for your filing options. Such as the Simple pay where your preparation fees are withheld. If you choose to pay your fees up front, the only offset that is possible is from back taxes, child support, student loans, (gov't debt) or anything that has gone through the court.