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Question about income


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I have been unemployed the past two years and have had no income. Wife is self employed but has shown a net loss from her business the past two years. Because she had less than $400 in self employed income and I had zero we were not required to file a return.

We have basically lived off of our savings the past two years and it is running out. My question is this: can we still file a chapter 13 without returns? Her business is starting to take off and we expect to not have a loss this year.

Will bank statements work? I do have the unfilled returns that show the loss.

We live in Tennessee.

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  • 3 months later...

I believe that you can file your returns up to three years after they are due, especially in the case of not needing to file.

I'm in a similar sitch in that I didn't have any earned income and less than threshhold unearned income back in 2005,2006. I filed and just yesterday the IRS sent me a questionaire re the BK and not filing....so they do check. I wrote back and told them I had no taxable income and what should I do. I'll repost when they get back to me!

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