Decreasing amount of potential tax refund, OK or not?

[shoopy]

After filing chapter 7, is it frowned upon to try to lower potential tax refunds, by increasing legitimate W2 exemptions, or maybe moving money from a standard IRA to a Roth IRA?

[kawh]

IMHO, this would always be ok, why let the government keep your money all year? You can save what you would have had withheld, in a safer place, and schroo the trustee next spring, metaphorically speaking, of course.
I have never understood the whole 'tax refund belongs to the trustee' sort of thing, unless a person gets a large EITC, in which case they would be low income enough to keep it, I would believe. You can almost always make your tax bill come out even, that's what tax software is for.

[shoopy]

IMHO, this would always be ok, why let the government keep your money all year? You can save what you would have had withheld, in a safer place, and schroo the trustee next spring, metaphorically speaking, of course.
I have never understood the whole 'tax refund belongs to the trustee' sort of thing, unless a person gets a large EITC, in which case they would be low income enough to keep it, I would believe. You can almost always make your tax bill come out even, that's what tax software is for.

I agree, but in this case there is the matter of a pesky K1 from a LLC that my wife is party to. It will be negative, but hard to know how negative till closer to year end.