Quote:
|
Originally Posted by PrivateIvy
If they owed it to me in 2004, I'd take my deduction and write it off - then I'd have sent them a nice legal 1099-C that they have to file on their taxes , oh wait, I did that already 
If they aint gonna pay me, at least they will have to pay Uncle Sam who will collect it one way or the other 
Ivy |
I tip my hat to you. That is a kick ass idea that I hadn't thought of.
BTW I forgot to mention my guiding rule that helped me determine how much I will lend or credit.
Never lend, credit or invest more money than you are willing to loose.