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  2. I'm a Business Owner. What Expenses Can I Write Off on ... - AOL

    www.aol.com/write-off-expenses-businesss-taxes...

    A tax write-off is how businesses account for expenses, losses and liabilities on their taxes. Write-offs are a specialized form of tax deduction. ... Uncollected Debts, Liabilities and Losses on ...

  3. Bad debt - Wikipedia

    en.wikipedia.org/wiki/Bad_debt

    In finance, bad debt, occasionally called uncollectible accounts expense, is a monetary amount owed to a creditor that is unlikely to be paid and for which the creditor is not willing to take action to collect for various reasons, often due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency.

  4. Charge-off - Wikipedia

    en.wikipedia.org/wiki/Charge-off

    A charge-off or chargeoff is a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors make this declaration at the point of six months without payment. A charge-off is a form of write-off.

  5. Write-off - Wikipedia

    en.wikipedia.org/wiki/Write-off

    The distinction is that while a write-off is generally completely removed from the balance sheet, a write-down leaves the asset with a lower value. [4] As an example, one of the consequences of the 2007 subprime crisis for financial institutions was a revaluation under mark-to-market rules: "Washington Mutual will write down by $150 million the ...

  6. What to do about a bank account levy - AOL

    www.aol.com/finance/fight-creditor-account-levy...

    The letter should state that you dispute the debt’s validity and would like documentation to verify it. If you have already paid off the debt, find proof that supports your case. This can be a ...

  7. What Is a Debt Validation Letter? Here’s What You ... - AOL

    www.aol.com/finance/debt-validation-letter...

    For premium support please call: 800-290-4726 more ways to reach us

  8. Dunning (process) - Wikipedia

    en.wikipedia.org/wiki/Dunning_(process)

    Communications progress from gentle reminders to threatening letters and phone calls and more or less intimidating location visits as accounts become more overdue. Laws in each country regulate the form that dunning can take. It is generally unlawful to harass or threaten consumers. It is acceptable to issue firm reminders and to take all ...

  9. Pay off debt or save? Expert tips to help you choose - AOL

    www.aol.com/finance/pay-off-debt-save-expert...

    Debt with a very low interest rate: Nearly half (44 percent) of American credit cardholders carry debt from month to month, according to Bankrate’s Chasing Rewards in Debt Survey. If you carry a ...

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