Has anyone received their tax refund yet even if it scheduled for a dd of the 25th?
Answers: Not yet. Generally if the IRS says on the 25th, for us, it appears on that date. May even appear tonight at midnight.
Several people say their bank account shows it pending some have said they already have it in their account
Tax rebate and 6 children?
I keep audible range different things about the unusual rebate, me and my wife have 6 children will it be 300 per child? Or will it phase out near more children?Answers: It also depends on how much you make, the max for couples is 151K. I also regard that the max for couples is 1600, but I may be wrong.
God bless you and your wife. I thought I had my hand full with basically a toddler.
its per child no max.
What is Cancelation of Debt 1099-C?
Hi i got a dissolution of debt in the messages for 924$ from a chase bank(credit card). I was a moment ago wondering is there a consequence for this(like import tax reduction, charge penalty, etc)? Will this further hurt my credit. Also this year i am making alot more money(50% more). All i know is that i enjoy to file this a income so they can charge me, right. Will be there a tariff consequence. I am planning to buy a car within about 2 months will this hurt me. Also can the creditors come fund and try to collect after i pay export tax on the 924$. Please give me insight to this thank you!Answers: As the previous poster said, the see of debt is taxable income to you that should be reported on your return.
The form itself will not hurt your credit - but the cancellation of debt will. It will be reported to the credit bureaus and shown as something resembling 'settled for less than full value'. It is, though, considered settled contained by full
Yes, a 1099-C has be reported to the IRS as income. Include those amounts in your income or continue for the IRS to charge you penalties and interest.
This have nothing to do near your credit. An 1099 is simply an income statement ... similar to that of a W-2.
I'm not completely sure about this... but I believe your dissolution of debt is a binding contract. They cannot come back and attempt to collect. They be able to write it sour of their books as income which lowered their tax liability.