Income Tax Information:

The Trustee's office is not in a position to advise you on how to file your income tax return, or the amount of interest paid, but we will, upon request, provide you with a copy of your report which will give you names of the creditors that received money.  Normally creditors we paid interest to will send you a statement of how much interest was paid to them on your behalf.  Unfortunately, the expenses of your Chapter 13 plan are not deductible for federal income tax purposes.

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Income Tax Returns:

Currently, the Internal Revenue Service, Special Procedures Section, must process all federal tax returns filed by a debtor under Chapter 13.  This often results in substantial delay in tax refunds being issued.  They must do this to avoid accidentally issuing notices in violation of the automatic restraining order.  To be certain that you receive any refund in a timely manner, you should file your tax return as early as you possibly can.

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