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Why there might be a write-off or adjustment for patients who have a health plan in which the physician participates?
Wiki User
∙ 10y ago
Why ther migh be a write-off or adjustment for patients who have a health plan in which the physician participates.
Wiki User
∙ 10y ago
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What is a writeoff?
A writeoff is a cancellation of an item, or something which is now worthless, such as a car after an accident.
Can I donate junk cars as a tax writeoff?
Yes, there is a couple new options for donating your car for a tax writeoff. For example, you can donate your car to the veterans and they will even come and pick it up from you and you get to write it off.
What is the journal entry to writeoff accounts payables?
Accounts Payable Cash/Bank/Goods etc
Would it be worth it to buy a laundromat for the sole purpose of a tax writeoff if it does not produce enough money to live off of?
That will depend greatly on how much you could write off and compare that to how much money you could make by using the money for some other type of investment. You should see a CPA or a financial planner about to analyze the numbers for you.
What is an eight letter word ending in f?
aardwolf airproof aperitif blastoff breakoff brushoff capsheaf dandruff disproof dropleaf dummkopf dyestuff gasproof handcuff kerchief knockoff meatloaf mischief mooncalf oilproof riffraff roundoff sawedoff seacliff standoff startoff subproof sunproof themself tipstaff tradeoff unbelief well-off werewolf woodruff writeoff yourself.
How do you dispose of a none working old microwave oven?
The best way to dispose of the old Microwave Oven is to donate it to somewhere like goodwill. This allows you to get a tax writeoff and also helps someone in need. If the oven is not working properly check craigslist. Someone may be looking for spare parts. Otherwise, search for a junk recycling or removing service in your area that will pick it up.
Can you collect unemployment in New York city and contribute to an IRA your parents are legally able to give you a 'gift' of 12000year and you want to put it in an IRA without jeopardizing your unempl?
Your problem is that you can only contribute $2000 or so to an IRA and you have to have income to do it. The remainder of the gift will count as income, and that will not coexist with your unemployment. Perhaps they could keep the gift until you find a job. They won't get the same tax writeoff, but maybe that will work.
What does a voluntary repossession do to your credit?
Any repossession will negatively impact your credit. Organizations using the credit report do not differentiate between voluntary and non-voluntary. Rather, the organizations see that you were not responsible with credit and what you purchasd needed to be taken away. Generically, a repossession is considered the same as a chargeoff or writeoff, so the impact on the credit score may be anywhere from 50 to 200 points, depending on one's personal credit situation.
Can you sue a health insurance company for failure to pay a claim which results in damage to a credit score?
From a medical provider POV, you are ultimately responsible for your medical bills. You have the contract with the health insurance company, not the provider. Most offices bill your insurance as a courtesy, knowing they will take a writeoff. If the insurance did not pay, there was a reason given on your EOB, and it is your responsibility to find out why. Most offices are more than willing to take payments, collections is a last resort.
What is a credit write down?
A reduction in the value of an asset carried on a firm's financial statements. For example, the firm's accountants, believing the inventory is overvalued, may decide to take a writedown by reducing inventory valuation. Unlike a writeoff, a writedown does not result in elimination of the asset. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott.Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
If you settled a debt for less than the full amount and received a 1099-C for the rest of the debt how should this appear on your credit report?
AnswerIt will show up as a charged off debt for that creditor, but they may sell the debt to another entity and start collections against you for the debt weather you put it on your taxes or not is irrelevant. However, if you do pay the debt later, you can claim the payoff as a writeoff the same as you did it initially on the taxes but in reverse. Now its a debt if you can claim the debt as a liquidated assest.
What is transfer pricing?
You mean TRANSFER PRICING.Transfer Pricing is done by large Transnational corporations who are able to use management accounting techniques to move costs and profits to different jurisdictions.Say you have a large company making Airplanes... with an engine factory in one country and sales around the world...By using "creative" accounting, you can make sure that your profits all come from low-tax regions, and your costs are in the high tax regions/countries. This way, you get the maximum tax writeoff and can keep the most of your money instead of paying it out in taxes.
