What would you like to do?

Can you be sued as an authorized user by primary card holder after he has written off credit card charges as business expense on his tax return?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Yes. It could be written off as business expenses before the debt was collected and adjusted on tax forms afterwards. It really depends on if it was reported as a loss or an expenditure attributed to business dealings. A prudent person would probably leave it as a business expense write off, to avoid the possibility of haggling with the IRS.
33 people found this useful
Thanks for the feedback!

If someone is an authorized user on a credit card although not liable to the credit card company are they liable to the primary card holder?

%DETAILS%     The options of the account holder are the same as the creditor. If the person who made the charges is unwilling to pay, a lawsuit (usually in Small Claim

Is a person who is only listed as an authorized user on a credit card but never used it liable for the debt if the primary holder files bankruptcy?

%REPLIES%    Answer   No. An authorized user is not responsible for credit card debt in any situation.   Answer   Sorry, I failed to mention that the excepti

Would an authorized user be responsible for a balance after the primary card holder dies?

  Answer   If you are not signed on as a responsible party you would only need to pay for the card if purchases were made after the death of the primary cardholder. B

Do you have to pay taxes on credit card charge offs?

  Yes. Cancellation of debt is the same as income. Discussed many times here, frequently with Qs like write off or charge off in them.   A 1099-C is given by some

Can a credit card company hold an authorizes card user responsible for a business account?

Possibly. If the business refuses to authorize the charges, the card user could be held responsible. If the card user signed an agreement of accountability, he will definitely