Can you write off business credit card if you are out of business?
only if your are writing it off in the same year you went out of business, if not you should have already written it off.
Can you take the fees credit card companies charge you for accepting credit card cards in your business as a tax write off?
What happens to your personal credit if you apply for a business credit card right after you buy a house?
If you have good credit then you should have no problem. As long as YOU know you can meet the mortgage payments and be responsible for paying off your credit card most credit card companies are more than happy to accommodate you. Also, be careful with applying with personal guaranteed business cards. Just because they are for business use you will still be responsible for it. Thus, that is still like any other personal credit…
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?
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.
How do you get a credit card 'Closed' on your Credit Report for a company which is out of business to reduce your available outstanding credit?
It can be embarrassing to have to pay your employees off of your personal credit card. Instead, you are going to want to get business cards that you can use for this purpose. These cards work the same way as credit cards, but they have better advantages. Primarily, you are going to be able to have higher borrowing limits on a business card in comparison to a personal credit card. At the same time, you…