Saturday, February 4, 2012

Christmas and taxes

Sorry to keep dumping here whenever I’m feeling especially bankrupt but that was truly the purpose of this blog, if I am honest with you.

I finally got my tax assessments done for financial years ending 2010 and 2011 and HOORAY! a return of $2,463.42!

Except nearly all of it relates to earnings I received before I went bankrupt.

Knowing that this means that I probably won’t get to keep it, I dutifully sent my assessments off to the Trustee. I received a letter yesterday to say that I am “required to forward cheque to the Official Trustee in Bankruptcy for the amount of $2,173.21” so hooray! I still have $290.21 left over to help pay back my parents the debts I accumulated over Christmas.

Except that I forgot that the accountant was extracting their fee of $220.

I received a cheque from their trust account today for the amount of $2243.42 so (hooray?) I have $70.21 remaining.

Had one hell of a Christmas, though!

Quick update... I rang the trustee and asked if I could deduct the accountant's fee from the amount I was sending to them and they told me that because that would bring the total amount owing to them under $2000 I could keep the WHOLE THING!!! 

Putting some aside toward my 40th birthday/bankruptcy discharge party - happy days!