Does anyone know how this will pan out? We have 2003 taxes as part of our confirmed plan. Funny we didn't owe anything until we filed for bankruptcy and all of the sudden we get this tax bill in the mail. Anyway, it was for $1200, we did our taxes last night and behold we get a $700 refund. Are they going to take that refund and apply it toward that tax bill and if they do, how do we go about getting that deducted from plan. Taxes were added into plan after confirmation and added another 3 months to plan. We get to keep our refunds according to our trustee. Thanks.
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Yes, they always apply refunds to taxes due. And how it will work out in your plan, is that at the end you will just owe them less, and will get a refund of any overpaid amounts.
I guess if they added on three months for the taxes, you might check with the attorney to see if the plan can be shortened, but I really doubt they would do that, the most that will happen is they will refund the overage.
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