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Q: Is repayment to the lender a tax issue?
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Related questions

Do you have a loan repayment letter template that I can use?

Yes, there are many loan repayment letter templates available online that you can use to formalize your repayment agreement with a lender.


Where can I find a 140 tax calculator online?

You can go to irs.gov and use your tax repayment calculator. You can also go to your banking institution and have them use their repayment calculator as well.


When do united cash loans have to be repaid?

A loan from United Cash Loans can vary in repayment times. They vary because every lender is different and they each have the ability to set their own time frame for repayment. The typical repayment is about two weeks.


Does the lender issue an estoppel certificate?

yes


Can a mortgage payment be paid every Friday instead of once a month?

You need to discuss that issue with your lender.You need to discuss that issue with your lender.You need to discuss that issue with your lender.You need to discuss that issue with your lender.


Is there any possibility of premium tax credit repayment forgiveness?

Yes, there is a possibility of premium tax credit repayment forgiveness under certain circumstances, such as experiencing a significant life event that affects your income or household size. You may qualify for an exemption or have the repayment amount reduced based on your situation. It is important to consult with a tax professional or the IRS for specific guidance.


What happens to the deposited money when loans are paid off and how is it affected by the repayment process?

When loans are paid off, the deposited money is typically returned to the lender. The repayment process affects the deposited money by reducing the amount available for lending to other borrowers. This can impact the lender's ability to generate income from interest on loans.


What is the legal definition of self-cert mortgages?

The legal definition of a self-cert mortgages is where the owner/buyer transfers to the lender an interest in real estate allowing the lender to secure a repayment of their debt.


Can you claim tax for repaying educational loan?

Yes. Repayment of Education Loan amount is eligible for tax deductions as per sec 80 E of Indian tax laws. You can show proof of repayment of education loan and that amount would be deducted from your salary for taxation purposes.


Is it possible to obtain personal loans that do not require repayment?

No, it is not possible to obtain personal loans that do not require repayment. All loans, including personal loans, must be repaid according to the terms agreed upon with the lender.


Is the repayment of debt outstasnding tax deductible?

No. Just like the receiving of the loan was not taxable.


Where in the Bible is the Jewish money lender who asked for a pound of flesh as a surety for repayment?

A:This is not from the Bible, but from a play written by Shakespeare and is entirely fictional.