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  2. Here's when the IRS can check out my bank account - AOL

    www.aol.com/finance/heres-irs-check-bank-account...

    If monitoring my bank account will somehow shrink the massive tax gap—the $280 billion per year tax cheats owe but don’t pay—I’m all for it. The IRS already knows how much money I make and ...

  3. 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.

  4. Cut off? What to do if your credit card issuer lowered your limit

    www.aol.com/finance/cut-off-credit-card-issuer...

    In general, a revolving balance below 30 percent of the limit is ideal. When a credit card issuer lowers the limit on a card that has a balance, though, the debt-to-credit limit ratio will be ...

  5. I wrote a $30,000 check to the IRS for tax payments — but it ...

    www.aol.com/finance/wrote-30-000-check-irs...

    I wrote a $30,000 check to the IRS for tax payments — but it was stolen, duplicated, and cashed by a fraudster. My bank refuses to help because the check wasn’t ‘altered.’

  6. Internal Revenue Code section 162 (a) - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    Section 162(a) of the Internal Revenue Code (26 U.S.C. § 162(a)), is part of United States taxation law.It concerns deductions for business expenses. It is one of the most important provisions in the Code, because it is the most widely used authority for deductions. [1]

  7. Alternative minimum tax - Wikipedia

    en.wikipedia.org/wiki/Alternative_minimum_tax

    Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...

  8. The IRS ‘Get My Payment’ Tool for Stimulus Payments — What It ...

    www.aol.com/irs-payment-tool-stimulus-payments...

    Some important things to note: If your account has been locked, it is because you have input information that does not match the IRS records. For security reasons, the IRS limits each user to ...

  9. Constructive receipt - Wikipedia

    en.wikipedia.org/wiki/Constructive_receipt

    The full text of the IRS regulation defining constructive receipt states as follows: [2] Income although not actually reduced to a taxpayer's possession is constructively received by him in the taxable year during which it is credited to his account, set apart for him, or otherwise made available so that he may draw upon it at any time, or so that he could have drawn upon it during the taxable ...