Do you charge tax on finance charges?

A finance charge is interest charged by a lender on the unpaid balance of a loan.

After a repo the loan holder will sell the vehicle at auction and any amount you owe less the sale price is your responsibility. Interest on that amount is usually negotiatable and will be waived if...

It depends on what business you have. I work for a locksmith company and we only tax on any materials that we install or sell.

You agreed to such action(s) when you signed the contract for the services or items.

Writing off or charging off a debt is an accounting entry to acknowlege that the asset they have (the loan) is not performing and that investors/readers of the financials, should not consider it...