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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 does one accurately and inexpensively view their own credit report and background check
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Q: If a parent gives their adult child a monetary gift of 10000 cash will the parent be allowed to write that off on their tax return in the year they actually gave the gift
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Q: How do you verify that the amount of FICA and income taxes deducted from your pay are correct in Wisconsin when calculated FICA is 7.65 and in one check does not add up
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Q: How do businesses classify credit card sales
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Q: If you pay the bank you owe will they remove you from the chex systems
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Q: Can your daughter in the US Army claim you as a dependent on her taxes
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Q: Can a bank pay an IRS Levy without sufficient funds in the account
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Q: What is a 1099-C from a creditor
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Q: How do you dispute taking off bankruptcy on your credit report
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Q: Can the IRS take your refund even if you have a payment arrangement
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Q: How can a creditor sue without charging off debt and at what point in time must they charge off bad debt
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Q: If you applied for a credit card and then discovered huge fees in the fine print and you have not used the card can you return it and cancel the account without paying the fee
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Q: What is the minimal amount of income required to receive anything on tax returns
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Q: How long should canceled checks be kept
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Q: How can you get all your credit reports to match
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Q: How do you get a copy of an Accounting of the Estate of your deceased father
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Q: What are the regular taxes and deductions from your monthly paycheck
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Q: How do you make sure no one is using your credit report
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Q: With direct deposit how do you get the remaining part of your payroll check after the debt has been paid
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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
1 answer
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