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Q: Who has the authority to waive cost accounting standards on contracts?
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Continue Learning about Accounting

Will the IRS waive penalties due to an error on my behalf?

Not generally. If the circumstances around the error were not your fault, they may consider giving you a break.


Are executor fees taxable?

Executor fees are considered income. As such they are subject to income tax at a federal and state level. Depending on the situation, it may be beneficial to waive the fees if the executor is inheriting a part of the estate. Consult a tax attorney or CPA.


Are you responsible for fraudulent credit card charges?

As a general rule, . The federal government mandates that you can be held liable for only $50 of unauthorized charges, and many credit card companies even waive that. This is if the credit cards were stolen. What may be the sticky point


What checking account fees can be avoided through good record keeping?

The most prevalent fees that can be avoided through good record keeping are overdraft fees. By keeping track of checks you've written and electronic debits you have authorized, you can be sure that your checking account still has money after all the transactions are processed. In this way, you are not charged an overdraft fee because your account is never "in the red"- avoid a negative balance and you won't get charged the fee.Many checking accounts charge monthly fees, but some accounts waive the fee if you maintain a certain balance. By keeping good track of your balance, you will know whether you will be charged the monthly fee or not before your statement comes in.


Should you tie a savings account to a checking account to prevent overdrafts?

That's up to you. It can prevent overdrafts, but it also allows someone who gets your checking account information to clean out both accounts, not just your checking account. You'll need to evaluate the risks and benefits yourself. Most banks now offer online banking which allows you to transfer funds from your savings account to your checking account at home, so if you're reasonably diligent about keeping track of your checks, keeping the transfers under your control might be better. You might also want to check with your bank regarding their policy. If you have substantial funds in savings, they may waive the occasional NSF fee on the grounds that they know you're ultimately good for it.

Related questions

Is it unusual for the beneficiary of a trust to be asked to waive annual accounting of the trust?

The annual accounting is the only way you can know what has happened to the trust property during the past year. It will tell you what has gone out of the trust and what has come in. It is not a good idea to waive the annual accounting. It is the only way you can monitor the trustee and whether they are managing the trust in a responsible manner.


How do you weave student health fee of school Since it's so expensive?

To find out if a school will waive a health fee you will need to call and speak to someone in the accounting department. If the fees are to expensive and you are low income they may waive the fees.


What is the past tense of waive?

The past tense of waive is waived.


What is a homophone for waive?

A homophone for "waive" is "wave."


What is the homophone of waive?

The homophone of "waive" is "wave".


What is the noun form of waive?

Waiver is the noun form for the verb 'to waive'.


Can you give me a sentence to a word waive?

The prisoner decided to waive his right to a trial.


Does Capital One waive cashier check fees if you have a large amount of money in account?

Yes, but it can be waived. Fee was waived for me today based on the "type of account" but tellers have the authority regardless.


What is a good sentence for waive?

The judge decided to waive the defendant's fees due to financial hardship.


What does nfl player did not pass waivers mean?

Yes....you waive at him and he doesn't waive back


Who can waive the privilege?

The person with the right to the particular privilege is also the one with the right to waive it.


When was If I Were Brittania I'd Waive the Rules created?

If I Were Brittania I'd Waive the Rules was created in 1976-04.