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Accounting

Understand the language of business through the study of financial statements, budgeting, and taxation. Accounting is essential for business transparency and integrity.

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Questions
Q: How do small businesses report clients to the credit bureau
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Q: Do you have to file state taxes every year
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Q: If you filed chapter 13 7 years ago and it was discharged in Feb 01 how can you contact the credit bureau to remove this from your record if your attorney will not return your phone calls
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Q: If you had an account become delinquent in 1998 but the charge off appeared on your credit report in 2005 can this be removed
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Q: How can you dispute something on your report even when it's legit
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Q: What is a revolving account
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Q: What is the difference between an open-ended credit account and a revolving account
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Q: How can you make a credit card company add to account notes closed by the customer
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Q: How can a small business join a credit bureau so they can report bad debt
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Q: If your credit card account was charged off and sold to a collection agency should the credit card company report it as being paid satisfactory or a collection charge off
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Q: How do you dispute a charge off on a credit report
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Q: What is the definition of last activity on your credit report
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Q: Does a paid off tax lien stay on your credit report for 7 years from the date it was 1st reported or 7 years from the date it was paid off
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Q: How do you calculate average daily balance
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Q: Does an account put with a collection agency always show up on your credit report
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Q: What is the best way to get Last Activity Dates to reflect on credit reports versus closed or charged-off dates because there is a big difference in legal reporting time when considering the two
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Q: What happens if a bill with a collection agency is not paid
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Q: What can be done to you if a debt goes into collection
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Q: What is the average amount that a business can expect to pay for commercial rent
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Q: Can a credit card company collect on a charged off account after 7 years
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Q: If a dependent filed their taxes and checked the box that they can't be claimed as a dependent but they can how can this be remedied
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Q: What is the definition of total gross taxable revenues
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Q: If you had a credit card debt of 14000 and settled and paid off half of that amount and received a 1099c for the other half of the amount not paid how does this affect your filing of taxes
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Q: Is there a legal time frame to collect a charge off debt that has been recently acquired by a second party from the original creditor if the charge off is 10 years old
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Q: Are you still liable for a debt after a credit card company charges off your account
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Q: Can you still be sued if a credit card company charges off your account
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Q: How do you find out the original date that a debt was turned over to collections since often it is the sell date that shows on your report
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Q: Can credit card creditors take your income tax refund
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Q: Can you deduct a seven thousand dollar gift to an adult child from your federal income taxes
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Q: How long can a creditor attempt to collect on an account
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Q: If you are current with your bankruptcy payments will the IRS keep your income tax check
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Q: Why do many businesses and corporations send W2 forms at the January 31 deadline rather than at an earlier date
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Q: If you have a joint checking account in Michigan can a credit card company freeze the account
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Q: Can you file your taxes every 2 years if you're single
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Q: Are you still liable for a balance that appears on a credit card that was charged off even if you paid the collection agency
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Q: How do you get an account charged off
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Q: Where is the account number on a bank card
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Q: Is there a difference between personal tax liens and business tax liens
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Q: How do you file your taxes to the IRS for 2002 and 2003
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Q: How do you file taxes to the IRS for 2002 and 2003 if you were due refunds both years
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Q: How do you know this for a fact
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Q: How long does a merchant have to correct a mistake regarding a debit card when the mistake is in your favor meaning they credited a payment instead of deducting it
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Q: When the credit bureau report updated on a judgment exactly what could they have updated on a judgment that was filed 4 years ago except paid
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Q: Can you claim as a dependent a disabled non-relative housemate if you paid more that 60 percent of her living expenses
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Q: What does it mean when a credit card is charged off
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Q: How do you pay credit card charge-offs
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Q: If a US creditor is not reporting a credit card to the three major credit bureaus because of a foreign address will delinquency in payment also stay off of one's credit report
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Q: Is there a time limit on recovery on bad checks
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Q: Can anyone garnish a checking account
1 answer
Q: How does the cost of capital affect a company's capital expenditures
1 answer
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