As we get our feet firmly planted into 2017, this is a courtesy reminder of periodic changes…
- If you own real estate and your bankruptcy case is not yet filed, you will need to provide a copy of your 2016 property tax bill (which would have been issued in December 2016). If you previously submitted your 2015 tax bill, it is no longer useful.
- Although 2016 income tax returns are not due to the IRS and Wisconsin Department of Revenue until April 2017, Chapter 13 cases filed after December 31, 2016 cannot be confirmed until the 2016 tax returns are filed. So, if you’re expecting to file a Chapter 13 case in the near future – file your 2016 tax returns ASAP.
- If you are filing Chapter 7, you should provide a copy of your 2016 tax returns if they are filed before your bankruptcy case is filed. 2016 tax returns will be required for any bankruptcy case filed after April 15, 2017.
- The winter moratorium on power shut-offs ends on April 15, 2017. If you are delinquent on paying your utility bills, talk to a bankruptcy attorney now and get your case ready to file ASAP. Do not wait until April to decide you need to do something – you won’t be the only person rushing to file to avoid a shut-off.