When in bankruptcy are both mileage and reimbursements considered income?
When in bankruptcy are both mileage and reimbursements considered income? Do I include both of these in my earnings when I report my monthly as income (earnings) or other? Would creditors have the right to take a portion of these (mileage and reimbursements)? I am an independent contractor who is contracted for services (when I do my income tax, I do completely as a contractor/business). Mileage and reimbursements I believe are a cost of doing business? I believe that they should not be included in my monthly report as income? Is this a correct statement or are both considered income?
You should check this with your trustee but I feel, since you are a contractor, you should be reporting your income net of expenses such as gas.
I ‘m not certain what you mean by mileage and reimbursements and how that relates to the business, but again check this with your trustee.