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What does it mean if you receive a letter from the IRS stating you owe the exact amount that was 'charged off' four years ago on a credit card?
Wiki User
∙ 13y ago
Such amounts **may** be included in your income, but are subject to several very important exclusions. Consult a tax advisor regarding this letter -- generally as many as 80% of individuals receiving such letters need not make any change to their tax situation.
Wiki User
∙ 13y ago
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Who is charged for misusing credit cards?
People who misuse credit cards are charged for misusing credit cards.
When do you debit and when do you credit an account?
Another account will receive a "credit" entry, meaning the amount will be (You can refer to the company's chart of accounts to select the proper accounts}.
Does it matter what was charged on my credit card and when it was charged?
Yes.
What is the term used to describe the dollar amount of periodic interest charged by financial institutions on credit accounts?
annual percentage rate
Is it legal to invoice in Canadian funds but charge that amount in US funds on your credit card?
if your credit card is Canadian and you go to the USA your purchases will be charged in US funds, if your credit card is American and you come to Canada you purchases will be in Canadian funds.
How is a line of credit similar to a credit card?
Interest is charged only on the amount you actually borrow
What is outstandanding balance in a credit card?
The outstanding balance is very simply the amount of debt that you have charged on the credit card. You owe that amount to the credit card company.
Can you claim eic if you do not claim income?
No. You must report income to receive the Earned Income Credit. You must file a tax return to receive the credit, even if you otherwise would not have to. Any amount of the credit over the amount of taxes you owe will be refunded to you.
Can you pay the mail with credit card?
Well technically you can but ..there is one problem which will occur whilst paying over email , its that you will get charged for compensation and you will receive a large amount of beetroot through your cat flap due to tony blare.
Do you lose the credit if you fail one semester?
You do not receive credit for failed courses.You do not receive credit for failed courses.You do not receive credit for failed courses.You do not receive credit for failed courses.You do not receive credit for failed courses.You do not receive credit for failed courses.
How do you pay for a app on your iPod touch?
Once you have an account with your billing and credit card information once you press a paid app it will be charged on your credit card and you will receive a bill in the mail.
Is it true that if you have a due date on a credit card bill of the 1st of the month and they don't receive it until the 5th but it was postmarked on the 1st or before they can still charge a late fee?
Most companies have a side note stating that the payment must be RECEIVED in their office on the due date, otherwise you will be charged a late fee.
Rolex borrowed 3200 from his credit union for 4 years he was charged 9.8 percent simple interest what was his total amount he owed the credit union?
34
Who is charged for misusing credit cards?
People who misuse credit cards are charged for misusing credit cards.
How can one get credit building credit cards?
Credit building credit cards, also known as secured credit cards, allow the user to deposit a certain amount of money as collateral in order to receive the card. The higher the amount deposited, the higher the credit limit. Websites such as Credit and Bankrate offer information on how to obtain credit building credit cards.
When do you debit and when do you credit an account?
Another account will receive a "credit" entry, meaning the amount will be (You can refer to the company's chart of accounts to select the proper accounts}.
Buyers credit - Letter of credit?
A red clause letter of credit is similar to a letter of Credit which is written to state or confirm the availability of funds for a particular transaction between the seller and buyer. However, a clause is included in the letter stating that the stated amount or credit can be advanced immediately on showing the letter.
