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If a third party makes payments on a student loan or donates money to help someone pay off his or her student loan debt is the dontation tax-deductible?
Wiki User
∙ 16y ago
No. That's considered a gift, not a charitable donation. You might actually be liable for a gift tax.
Wiki User
∙ 16y ago
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What happens when someone you cosigned a mortgage for has filed for bankruptcy?
When you co-sign on a loan or mortgage for someone, you are promising to make the loan payments if they can't. When someone files for bankruptcy, they are claiming that they cannot make their payments. It would stand to reason that if someone you co-signed on a mortgage for files for bankruptcy that you would then be liable for making the payments.
If you file for bankruptcy and you cosigned for someone can the car loan be included in the bankruptcy if the person is not making their payments?
YES, you can include it whether the payments are current or not.
Is it illegal to buy a car in your name but someone else make the payments?
yes
What is a person that is in charge of money at a shop?
A cashier, someone who collects payments from customers
If you co-sign a loan for someone and she makes all the payments on time will her credit rating improve?
Yes, it will improve her score, no matter who makes the payments on time, but you should be worried about what happens if SHE does not make the payments. The lender will expect YOU to make them.
What is another word for someone that donates?
benefactor
What do you call someone who donates money?
Philanthropist
What do you call someone who donates blood?
A Blood donor
What is a transplant donor?
It is someone who donates a part of themselves to another so that they may live.
Can someone lease a car and someone else make the payments?
Yes, all the bank cares about is that someone is making the payments.
What is Someone who makes charitable donations called?
A philanthropist is a person that donates money to charities.
How can one get someone to take over car payments?
The best place to go for advice about someone taking over car payments is the local bank. They will be able to offer advice about what to do if someone is no longer able to pay their car payments.
How does someone donate a car?
Someone donates a car by finding a worthy charity and cutting out the middlemen, then do the delivery themselves and giving the title and keys to the car to charity.
If someone donates 300000 to a church why would they refuse it?
Perhaps the money is from an illegal source or there are regulations on how the money should be spent.
What happens when someone you cosigned a mortgage for has filed for bankruptcy?
When you co-sign on a loan or mortgage for someone, you are promising to make the loan payments if they can't. When someone files for bankruptcy, they are claiming that they cannot make their payments. It would stand to reason that if someone you co-signed on a mortgage for files for bankruptcy that you would then be liable for making the payments.
Is Mitt Romney a philanderer?
No, he is not a philanderer (a man who has many casual sexual relationships) but he is a philantropist (someone who donates money for good causes).
Can I have someone take over payments of my car?
You can have someone take over the payments if they meet the credit requirements of the bank you have the financing with. You might also be able to get someone that wants your car to get their own financing to pay off your car.
