HOLY CREEPING LANNINGISM BATMAN! – CHAPTER 13 CONCEPTS INVADING THE CHAPTER 7 MEANS TEST?

By John P. Gustafson, Chapter 13 Trustee for the Northern District of Ohio, Western Division

Once upon a time, a short time ago, there was pretty much a consensus on a bankruptcy issue.

Shocking, I know!

The concept that the Chapter 7 Means Test was essentially a mechanical, backward-looking test was relatively settled. Thus, deductions for secured claims – such as mortgage or a motor vehicle loan – would be deductible if it remained “contractually due” at the time of filing, based on the language of Section 707 . . .

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Tax Tips for Taxpayers to Consider When Selling Their Home

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The IRS has some good news for taxpayers who are selling their home. When filing their taxes, they may qualify to exclude all or part of any gain from the sale from their income. Here are some things that homeowners should think about when selling a home: Ownership and use To claim the exclusion, the taxpayer must meet ownership and...

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Henry E. Hildebrand, III

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Memorial Day 2023

The Academy

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Memorial Day 2023 Honoring the Sacrifices of All Who Served