Probably going to have to file

[lrprn]

...if you had any income in the last four years, you were required to file your taxes...

Sorry, dscurlock - not true.

Direct from the IRS website at http://www.irs.gov/publications/p501/ar02.html#d0e1218 - "If you are a U.S. citizen or resident alien, whether you must file a federal income tax return depends upon your gross income, your filing status, your age, and whether you are a dependent."

If compulsive earned below the income limit set by the IRS for each year (typically around $5K) and doesn't owe any special taxes, then there's no requirement to file (although it may be beneficial for him/her to do so anyway to get any potential returns, etc).

[dscurlock]

I have about 30k in credit card debt. This will be the first month where I will not be able to make payments. I currently have no income, as I am looking for a job. Right now I live with my sister rent-free. I have a car that is paid off and the KBB/NADA clean retail value is about $14k. I also have a joint account with my dad with about $3,500 and I have about $1k in my bank account. I also haven't filed any tax returns because I was a student for the last four years, will that look bad? I also have $90k in private student loans.

Under Ch.7 will I still be able to keep my car? If not, what can I do? Can I transfer ownership?

The joint bank account: Can I just remove my name?

I just found this board today so I'm trying to read and see what applies in my case. If you have questions, please ask.

the IRS suckers do not care if you are a student, if you had any income in the last four years, you were required to file your taxes, nothing but death can release you from that obligation, excpet by law if you were not required to file because of income levels. it will catch up with you like it did me...

[lrprn]

Welcome to BKForum, compulsive - glad you found us!

Some very important questions we need to ask before we can help:
- What state are you in?
- If you look back to last March 1 up to today, how much income have you made from all sources?
- Besides your sister and yourself, are any other adults or children living in the house with you?
- Do you contribute money to your sister to support the home? (groceries, pay a utility, etc)
- For each year you didn't file tax returns, did you make below the stated minimum income the IRS set so you weren't required to file?

The answer to most your questions depend on the answers to these questions.

And I'm hoping you already know that it's 99.9% likely you cannot wipe out your $90K student loans in bankruptcy. You'll have to pay them in full even if you file.

[compulsive]

I have about 30k in credit card debt. This will be the first month where I will not be able to make payments. I currently have no income, as I am looking for a job. Right now I live with my sister rent-free. I have a car that is paid off and the KBB/NADA clean retail value is about $14k. I also have a joint account with my dad with about $3,500 and I have about $1k in my bank account. I also haven't filed any tax returns because I was a student for the last four years, will that look bad? I also have $90k in private student loans.

Under Ch.7 will I still be able to keep my car? If not, what can I do? Can I transfer ownership?

The joint bank account: Can I just remove my name?

I just found this board today so I'm trying to read and see what applies in my case. If you have questions, please ask.