From holly at roarklawboise.com  Tue Apr  5 14:13:23 2022
From: holly at roarklawboise.com (Holly Roark)
Date: Tue, 5 Apr 2022 14:13:23 -0600
Subject: [CLBS] "American Opportunity Credit from Form 8863,
	line 8" - is this exempt?
Message-ID: <063901d84929$9abfaf90$d03f0eb0$@roarklawboise.com>

I have not seen this on a tax return until now. Is the "American Opportunity
Credit from Form 8863, line 8" exempt? Also, is the ACTC exempt? I have
forgotten. 

 

Best regards,

HOLLY ROARK

Attorney at Law 

Certified Bankruptcy Specialist -

By the State Bar of California Board of Legal Specialization

 

ROARK LAW OFFICES

950 Bannock Street | 11th Floor | Boise, Idaho 83702

Phone:  (208) 536-3638 Fax: (310) 553-2601

E-mail:   <mailto:holly at roarklawboise.com> holly at roarklawboise.com 

 

*This communication does not create an attorney-client relationship.

Unless you have signed a retainer agreement with Roark Law Offices, this 

communication may not be private or privileged.

 


From alex at cavallawoffice.com  Tue Apr  5 14:20:56 2022
From: alex at cavallawoffice.com (Alexandra Caval)
Date: Tue, 5 Apr 2022 14:20:56 -0600
Subject: [CLBS] "American Opportunity Credit from Form 8863,
 line 8" - is this exempt?
In-Reply-To: <063901d84929$9abfaf90$d03f0eb0$@roarklawboise.com>
References: <063901d84929$9abfaf90$d03f0eb0$@roarklawboise.com>
Message-ID: <CACg1PEWMbWTv0P1_OTy5GJ1EC6PWg7DXgGTxaH0UogzFFDe70A@mail.gmail.com>

Holly,

The Hope Credit is not exempt - See in re Wooldridge. The ACTC is exempt -
see Farnsworth. 2021 is a weird year because the Child Tax Credit and the
Additional Child Tax Credit became the Refundable Child Tax Credit. There's
a lot of negotiating currently going on between ch 7 trustees and debtors
attorneys this year on the refundable child tax credit issue and what
portion is exempt and what portion is not. Not aware of any case that has
been tee'd up to test the issue. ~Alex

On Tue, Apr 5, 2022 at 2:14 PM Holly Roark <holly at roarklawboise.com> wrote:

> I have not seen this on a tax return until now. Is the "American
> Opportunity
> Credit from Form 8863, line 8" exempt? Also, is the ACTC exempt? I have
> forgotten.
>
>
>
> Best regards,
>
> HOLLY ROARK
>
> Attorney at Law
>
> Certified Bankruptcy Specialist -
>
> By the State Bar of California Board of Legal Specialization
>
>
>
> ROARK LAW OFFICES
>
> 950 Bannock Street | 11th Floor | Boise, Idaho 83702
>
> Phone:  (208) 536-3638 Fax: (310) 553-2601
>
> E-mail:   <mailto:holly at roarklawboise.com> holly at roarklawboise.com
>
>
>
> *This communication does not create an attorney-client relationship.
>
> Unless you have signed a retainer agreement with Roark Law Offices, this
>
> communication may not be private or privileged.
>
>
>
> _______________________________________________
> CLBS mailing list
> CLBS at admws.idaho.gov
> https://protect-us.mimecast.com/s/NHYZCKry7QC8YAOvHMfo7q?domain=admws.idaho.gov
>
>

-- 

Alexandra O. Caval

Caval Law Office, P.C.

P.O. Box 1716

Twin Falls, ID 83303-01716

T: 208.733.2035

F: 208.733.3919

alex at cavallawoffice.com




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From ajt at aaronjtolsonlaw.com  Thu Apr 21 14:50:19 2022
From: ajt at aaronjtolsonlaw.com (Aaron Tolson)
Date: Thu, 21 Apr 2022 14:50:19 -0600
Subject: [CLBS] question on financing
Message-ID: <CAJy6kP6daxf=i99DXyxXudQAuk5yzG+spzcnGZizdu+UZWjfNQ@mail.gmail.com>

Obviously with the price of houses, I'm sure there are non-traditional
lenders willing to give 2nd mortgage options to people who are rebuilding
from Chapter 7, before the time limits for government backed loans.  Has
anyone found good options in Idaho to work with on this?

-- 
Aaron J. Tolson
2677 E. 17th St. #300
Ammon, ID. 83406
208-228-5221

This a privileged communication.  Please advise if you received it in error.

From jpk at kam13trustee.com  Tue Apr 26 15:24:56 2022
From: jpk at kam13trustee.com (Jeffrey  Kaufman)
Date: Tue, 26 Apr 2022 21:24:56 +0000
Subject: [CLBS] Idaho State Tax Rebates
Message-ID: <CO6PR22MB2707F19E23C37A564AF6EC2ED5FB9@CO6PR22MB2707.namprd22.prod.outlook.com>

Hello list mates,

The Idaho State Tax Commission will be issuing tax rebates again this year.  More information regarding this rebate can be found here: https://protect-us.mimecast.com/s/-FklCkRLj7fqX2DoT2gvkJ?domain=tax.idaho.gov

Pursuant to the Income Tax Turnover Order, your friendly chapter 13 trustee asks that you debtors' counsel out there inquire with your chapter 13 clients as to their receipt of the tax rebates and remind them that they may need to turnover the tax rebate just as they would any tax refund.  You may also want to inquire as to whether they received and turned over the tax rebate they received last year as well.

Please contact the trustee's office if you have any questions.

Cordially,

Jeffrey P. Kaufman
Staff Attorney,
Kathleen A. McCallister, Chapter 13 Trustee
PO Box 1150
Meridian, ID  83680
P.208.922.5100
F.208.922.5599

PRIVILEGE AND CONFIDENTIALITY NOTICE
This e-mail is intended only for the use of the recipient named and may contain information that is confidential, privileged, and exempt from disclosure under applicable laws. Nothing in this message should be construed as legal advice. If you are not the named recipient, you may have received this transmission in error. We ask that you immediately notify the sender and remove this and all attached file(s) from your system. Receipt by anyone other than the intended recipient is not a waiver of the attorney-client or work-product privileges. You are hereby notified that any disclosure, copying, distribution, or use of any of the information contained in this transmission if you are not the intended recipient is prohibited and may expose you to liability.