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If the settlement was because of a dispute, like you didn't agree with the charge (or rate calculation) for some reason like product quality, then no. That's basically a change or reduction in the purchase price.
If it is an agreement to cancel part or all of a debt for a payment in full now, then Cancellation of Debt generally is an income item. It should be reported to you on a form 1099-C from the company the year it is recorded and your return should reflect that amount.
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What happens when the credit card on file with a company you owe money to is invalid?
They say that I am in contract to pay for everything. They have my credit card and that's it. What can happen if the credit card on file is invalid?
Can i make payments on state taxes that i owe?
Most states allow you to make credit card payments using one of the following sites: http://www.officialpayents.com http://www.pay1040.com Service fee applies. So just charge your taxes to your credit card and make payments on whatever terms the credit card issuer provides. Some states have installment plans for people who can't pay taxes. There are usually fees involved. You will have to check with the specific state to which you owe taxes. And whatever you do, file your taxes on time even if you can't pay. Believe it or not, the penalties for not filing your taxes are usually many times worse than the penalties for not paying your taxes. If you are having money problems, the single biggest mistake you can make is not to file your taxes on time.
Can a a credit company file the same account twice on your credit report?
It happens and can be disputed. Call you credit card company or credit agencies.
Can you still file for the tax credit if you have already filed regular income taxes?
yes- you can file an "amended" form -- there is a special form with which to do this.
How do you claim rebate on house insulation?
It`s not a rebate, it is a tax credit. So you have to wait until you file your taxes.
What happens when the credit card on file with a company you owe money to is invalid?
They say that I am in contract to pay for everything. They have my credit card and that's it. What can happen if the credit card on file is invalid?
I don't work and don't have a checking account my husband is the only one on the house note when we file taxes can a credit card company garnish our taxes if its my credit card?
no, a credit card company can not garnish your taxes only a federal or state entity can. The CC company could have a lien placed on something of value, so that when that item (house, boat, car, motorcycle, furniture, etc) is sold, they are paid first from the proceeds.
You have a zales credit card it is a jewelry credit card can you file bankruptcy on this card along with your other credit cards?
Yes
Can i make payments on state taxes that i owe?
Most states allow you to make credit card payments using one of the following sites: http://www.officialpayents.com http://www.pay1040.com Service fee applies. So just charge your taxes to your credit card and make payments on whatever terms the credit card issuer provides. Some states have installment plans for people who can't pay taxes. There are usually fees involved. You will have to check with the specific state to which you owe taxes. And whatever you do, file your taxes on time even if you can't pay. Believe it or not, the penalties for not filing your taxes are usually many times worse than the penalties for not paying your taxes. If you are having money problems, the single biggest mistake you can make is not to file your taxes on time.
If credit card puts lien on house and i file bankruptcy can i still file the credit card in the bankruptcy?
You have to, it is a debt...it is just a secured debt...by the lien on the property.
If you are an additional card holder on a parent's credit card account and you file bankruptcy will the bankruptcy appear on their credit?
The bankruptcy will appear on their credit if you include this card in your bankruptcy. If you leave the card off the bankruptcy, it will not effect their credit.
Can a company charge fees to credit card without permission?
No...you need to call your credit card company and file a complaint.
Do you get a small business credit with filing your IRS taxes?
You have to go through an entirely different process to get a small business credit. You should file your taxes just the same.
Can a credit card company bill a consumer for unauthorized charges if the credit card was improperly issued by the credit card company and the card was not activated and was stolen from the home?
Notify them that the credit card was stolen to the credit card company and dispute all the charges on the credit card. You would also have to file a police report if the credit card was stolen. The credit card company must investigate the charges.
Is data for a credit card a file or record?
The data pertaining to a single card - is a record. The data relating to more than one card for the same customer - is a file.
Can removing yourself as an authorized user from a credit card account hurt your credit?
No, as an authoriezed user on someone else's card, any purchases you make goes on the primary cardholder's statement and his credit bureau file, not the authorized user's file
How do you stop wage garnishment for credit card debt?
file bankruptcy
