Are we confusing tax law with the bankruptcy code? While the BK courts use some of the IRS data for estimating expenses, these are two different fields. I've been told something completely different, in that many of the writeoffs for IC's/Schedule C types get recategorized as income. You'd be smart to make sure that your attorney has handled other self-employed people.
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Business expenses deducted for means test?
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my attorney said to give him a P/L for the months I have been self employed to be used on the means test. I am trying to get clarification from him but he hasn't returned my calls. I have been self employed for 4 months of the 6 months that will be counted in my BK. This is why my question of whether my business expenses are used in Part 2 of the Median Income Test is so critical to me. I think it is but I want to be sure.
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