answersLogoWhite

0

What else can I help you with?

Continue Learning about Accounting

Can a creditor take your tax return if you file jointly?

Generally the only ones you have to worry about intercepting a refund are State/Gov't debts, but you filed jointly so all debts are joint in many states.


How does one recover from tax debts?

You can recover from tax debts by paying up what you owe, requesting a settlement from the IRS or by requesting a payment plan. The worst thing you could possibly do when trying to recover from tax debts is ignoring them.


What is meant by unlimited liability of a partner?

it means that the personal assets of the partner may be used for payment of debts..


How to Settle Debts for Less Than What You Owe?

If you have an account with a creditor that is seriously delinquent, the creditor may agree to a debt settlement to pay off the account in full. You may approach the creditor with an offer yourself, or you may work with a professional debt settlement agency. Both methods have advantages and disadvantages that are worth researching ahead of time. If your creditor accepts the settlement, you only have to pay the agreed-upon percentage of the debt.


If your 2008 stimulus payment was taken for taxes owed can you get a credit for 2009?

One thing has nothing to do with the other. You will need to see if a stimulus payment was available for the tax year 2009. You cannot receive the 2008 payment just because it was applied to your past debts. If you still owe debt for unpaid taxes though your 2009 and future refunds may be taken and applied to these debts until they are completely paid.

Related Questions

Is the money that a creditor must by law accept in payment of debts?

Legal Tender.


Any kind of money that a creditor must by law accept in payment of debts?

legal tender


Money that a creditor must by law accept in payment for debuts is called?

Money that a creditor must by law accept in payment for debts is called "legal tender." Legal tender refers to currency that is recognized by law as an acceptable form of payment for settling debts and obligations. In many countries, this typically includes banknotes and coins issued by the government. Creditors are required to accept legal tender to fulfill their payment obligations, although they may also agree to accept other forms of payment voluntarily.


Money that a creditor must by law accept in payment for debts is called?

Money that a creditor must by law accept in payment for debts is called "legal tender." Legal tender refers to currency or coins that, by statute, must be accepted if offered in payment of a debt. In most countries, this typically includes the national currency, such as the US dollar in the United States. Creditors cannot refuse legal tender for payment of debts, though they may have other agreements in place regarding acceptable forms of payment.


What kind of money a creditor must accept by law in payment of a monetary debt?

A creditor is supposed to accept all legal tender in payment of a debt. There are numerous stories around of people who have, for one sort of frustration or another, paid large debts with small change, such as pennies or dimes.


What is limited legal tender money?

Legal Tender is a forced tender payment that should be not refused in settlement of a debt. http://en.wikipedia.org/wiki/Legal_tender


What do you call any kind of money that a creditor must by law accept in payment of debts?

Legal tender. In plain English, it's the currency that is in use in a particular country. US dollars in America, Sterling in the UK and Euros in much of Europe for example.A creditor is normally free to accept other forms of payment if he chooses to. The creditor may decide to accept a foreign currency rather than wait for the payment in the legal tender of the country. The creditor is normally not obliged to accept anything other than legal tender.


Can your unpaid bills be sent to collections if you are making an attempt to pay them?

Yes. The creditor is not required to accept a payment arrangement, and at any time may transfer the debt to inside collections, or an outside collection agency. (For non-credit card debts)


What is the latest news on Saab and their creditor problems?

The latest news on Saab and their creditor problems is on how Saab asks creditors to accept 10% for their stocks and investments now and demands debts to be paid.


What is money that has value because the government has established it as acceptable for payment of debts?

representive money.


Can you still have a mortgage and car payments with bankruptcy?

depending on your situation, you could request to reaffirm those debts if the creditor is willing to accept and if you will be able to afford those debts...augusta, ga


How should you pay off your old debts?

If these debts are ones you have left for some time and creditors are now looking for payment put together a proposal on how you intend to make your contribution to these debts in writing and send this to your creditor or collection agent