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Any 2009 Tax exemptions for a divorce and Ch 13 bankruptcy?
I'm working on a friends taxes, and though i've been doing my own for many years, this is the first time I have had to deal with a divorce & bankruptcy situation. So here is the question.....
My friend filed in early 2009 for divorce and bankruptcy. She was head of household (the POS didn't want to work and lives with his Mommy now - still unemployed). Anyways, are any of her expenses for either the Ch 13 or divorce deductible? She pays $400/mo into the bankruptcy plan, lost her home, and for this year, will be claiming 2 or their 3 children as dependents.
So are the following deductible:
Lawyer fees
Ch13 payment plan
Anything else???
5 Answers
- PooPooLaTrashLv 71 decade agoFavorite Answer
Neither the fees related to the bankruptcy filing or the divorce would be deductible. In addition, she may have to turn over any refund she gets to the bankruptcy trustee.
If any 1099 C(canceled debt) are reported and the taxpayer is insolvent or bankrupt as filed the canceled debt will not have to be included in income.
Legal fees are only deductible for tax advice, the preparation of tax returns, or for legal advice directly related to the generation of taxable income.
- Anonymous7 years ago
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RE Any 2009 Tax exemptions for a divorce and Ch 13 bankruptcy?
I'm working on a friends taxes, and though i've been doing my own for many years, this is the first time I have had to deal with a divorce & bankruptcy situation. So here is the question.....
My friend filed in early 2009 for divorce and bankruptcy. She was head of household (the POS didn't want to work and lives with his Mommy now - still unemployed). Anyways, are any of her expenses for either the Ch 13 or divorce deductible? She pays $400/mo into the bankruptcy plan, lost her home, and for this year, will be claiming 2 or their 3 children as dependents.
So are the following deductible:
Lawyer fees
Ch13 payment plan
Anything else???
- 1 decade ago
again STOP!!!!!!!!! One doing taxes for a "friend" IS ILLEGAL period unless you are certifed to prepare other peoples taxes. Second HOH is NOT an option again (and getting RAPIDLY tired of everyone thinking they can do this and so is the IRS). Third Chapter 13 is a WEIRD choice for divorce cases. Fourth fees/payment plans etc.... are NOT deductible. After that tell your "firend" to get a real tax planner claiming 2 of the three kids as well is also STRANGE but no unheard of and this have better been a court order for this to happen as well. You need to stay far away from this one.
- troLv 71 decade ago
no
she files as single head of household especially if they lived absolutely apart since June 30, 2009
if the children live with her, by all means claim them all(at least 184 nites of a year)
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