My car was crashed and I lost my job. How do I return the finance car to the lender?
If the lender designates the account as a charge off, the account is still valid and will be referred to inside collections department or an outside collector for further action. If the lender cancels the debt, the debt is no longer valid and the debtor will receive a 1099-C showing the amount that the borrower must claim on his or her tax return as taxable income.
You need to contact your lender to see if they will work with you on getting caught up on your back payments. Some state laws allow the lender to require you to pay the vehicle off in full and some state laws require the lender to return the vehicle to you if you can catch up on the amount you are behind. You need to check your state law and contact your lender.
Can you get a tax return for daycare payments Not head of househols
Returning the car to the lender will not relieve the borrower of the legal responsibility to pay the debt. The balance of the loan and any additional fees is still owed on the vehicle and is valid and collectible.
average return on a checking account is about 0.1
It is not YOUR car if you have not fully paid for the car or, have not been making payments. You need to either catch up on the payments or return the vehicle soon. Driving it is not so much illegal as it is borrowing trouble. A repossession will save you from paying the total price of the car should it be ruined in an accident.
[Debit] Sales Return account [Credit] Cash account
Turbo Dogs - 2008 The Muffled Mess-Up Return to Lender was released on: USA: 1 December 2010
Make up the payments ... like right now. If one is unable to do so, then they need to contact the lender (should have done this 2 months ago) and explain the circumstances of why they are breaching a written contract (punishable by law). Sometimes things can be worked out - you may have to return the car to the lender, as they ARE the owner of that vehicle, not you!
yes it is
Spousal support payments would not be deductible on your income tax return. Only Alimony payments would be deductible on your 1040 income tax return.
debit accounts payablecredit supplies return account
Give an account of the circumstances which led to John's return to Mananwaka?
Land, labor, or capital.
It depends on what your lender will allow you to do. Some will let you return the money, some will not. If they allow it, return it. If they do not, put it in a savings account and let it earn interest.
State income tax payments are deductible on your federal income tax return. (You may deduct state income tax or sales tax, but not both.) Federal income tax payments are deductible on your state tax return in a tiny number of states.
If sales goods returned: [Debit] Sales account xxxx [Credit] Sales Return account xxxx if purchase goods returned: [Debit] Purchase return xxxx [Credit] Purchases account xxxx
yes they can stop you , you need to return the car back to the lender in other for you to register a new car.
Yes, if the lender is willing to take it.
Factor payments means is a wage or interest or rent or profit payment for a service of scarce resources, in return for a productive services.
In the UK it is your responsibility to file a tax return if you think you may owe tax but you won't have to pay any tax on child maintenance payments you receive in the UK. Similarly in the US The person paying child support cannot deduct those payments on a tax return and child support is not included in the income of the person getting the payments.
The answer is that the recipients make no contribution to current production in return for them.