IRS expenses
- National and regional expense estimates published by the IRS used by debtors to calculate their average net income in Chapter 7 bankruptcy, or their disposable income in Chapter 13 bankruptcy
- Debtors above their state's median family income rely on IRS expenses to determine their average net income.
- Joe calculated his disposable income based on the IRS expenses, for his Chapter 13 bankruptcy case.
- The IRS expenses assist in ascertaining an individual's financial status during bankruptcy proceedings.
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