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I just figured out how much I'll be getting back from Taxes...

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    #16
    Originally posted by lilgoose View Post
    \Told us to keep it as low as possible, but not to go too low from the previous years as this COULD pull up a red flag and cause even more problems such as fraud.....Just thought I would share what our atty informed us on...GOOD LUCK to all!!!
    That's a very good point, Lilgoose!

    This is gonna work for us due to drop in income and a Yo-Yo effect from our taxes. We got something like a $5K-$6K refund in '04 due to a lump sum severance payment. Then we owed $8K+ for '05 due to a retirement IRA withdrawal. So the Trustee wanted to see what a "normal" year would look like for us.
    Filed Ch 7 - 09/06
    Discharged - 12/2006
    Officially Declared No Asset - 03/2007
    Closed - 04/2007

    I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.

    Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...

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