The Internal Revenue Code is lengthy and complex, which can sometimes mean that your personal income tax return includes some errors and omissions. The IRS allows you to voluntarily correct the mistakes you later discover by filing an amended tax return.
Refuse to pay:If the debt is beyond the statute of limitations in your state, you are not legally obligated to pay it. You can send the debt collector a cease-and-desist letter stating that you do not intend to pay the debt. This doesn’t erase the debt or remove it from your credi...
A disputed invoice doesn’t necessarily mean you will lose a customer. In fact, it might be an opportunity to strengthen your customer relationship depending on how you follow up. When an invoice dispute arises, address it quickly and with an open mind using the five options above. For the...
How long a creditor can sue to collect a debt varies by state States have different statutes of limitations for how long a creditor can sue you to collect debts. Once the statute of limitations expires, a creditor cannot sue you. Note that some creditors or collection agencies may still try...
ExamplesName, alias, social security number, date of birth, driver’s license or state identification card number, passport number. Disclosed in Last 12 Months Transaction support vendors (e.g., check guaranty, payment processors) Professional employer organizations, recruiting firms, and/or staffing...
In fact, the IRS receives many incomplete returns each tax year, which is why it allows you to make corrections by filing an amended return on Form 1040-X. Before preparing the 1040-X, it’s always a good idea to make sure that the statute of limitations won’t prohibit you fr...
Statute of Limitations for LOIs Thestatute of limitations(SOL) is the time in which a party has to bring a lawsuit for a particular incident. The SOL related to contracts for goods and related LOIs varies according to state. In California, the SOL for breach of a written contract is four...
Even if you have minor children, you can name a custodian or guardian who will care for your children if you pass. You don’t need a lawyer to clearly state your intention for your children in your will. There are good reasons why you may not want to write your own will and, instead...
I don’t want to use that time to write any stories on my phone–I know from experience how thumb-numbing that can be–but before, during and after that free hour online I can do that work offline on the laptop that doesn’t qualify for T-Mobile’s offer anyway. And writing without...
Next, you’ll need to claim your eligible dependents. For this section to apply to you, your income must be less than $200,000 (or $400,000 for married filing jointly taxpayers). For each qualifying child under age 17, you’ll multiply by $2,000. And you’ll multiply your number of...