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COLLECTIONS 101
Posted by  Cheryl Elliott of CA on 4/29/24 10:57am Msg #648327
Some notaries who have exhausted many methods of collecting delinquent fees from SSs have employed the following means as a final demand.

Send a certified letter along with a 1099-C form advising that agent will be writing off the amount owed in 14 days and sending the 1099-C form to the IRS letting them know the debt was written off and they would need to claim this as income and this could possibly trigger an audit of their business. The same day the SS confirmed receipt from USPS that they got the letter, saying the money would be in agents account in three days.


It nets great results and is a clear winner to get paid promptly.
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Messages in this Thread
 COLLECTIONS 101 -  Cheryl Elliott on 4/29/24 10:57am
 Re: COLLECTIONS 101 -  Yoli/CA on 4/29/24 11:05am
 Re: COLLECTIONS 101 - SteveS/CA on 4/29/24 12:24pm
 Re: COLLECTIONS 101 -  Cheryl Elliott on 4/29/24 2:05pm
 Re: COLLECTIONS 101 - SteveS/CA on 4/29/24 2:22pm
 Re: COLLECTIONS 101 -  JanetK_CA on 4/29/24 8:24pm
 Re: COLLECTIONS 101 - SteveS/CA on 4/30/24 1:37am
 Re: COLLECTIONS 101 -  Tammy Stephens on 5/14/24 2:07pm
 Re: COLLECTIONS 101 - SteveS/CA on 5/15/24 8:46am
 Re: COLLECTIONS 101 -  JanetK_CA on 5/16/24 8:19pm
 Re: COLLECTIONS 101 -  Howie35CT on 4/29/24 12:24pm
 Deadbeat Signing Services on FB -  Cheryl Elliott on 4/29/24 3:08pm
 IRS Form to use in contacting Deadbeat Signing SVC owners -  Cheryl Elliott on 4/30/24 10:31am
 Good luck with having/finding Debtor's TIN # n/m - Lee/AR on 4/30/24 2:32pm
 Re: Good luck with having/finding Debtor -  Cheryl Elliott on 4/30/24 10:26pm
 Good to know. Thanks for great idea! n/m - Lee/AR on 5/2/24 9:14pm
 Just a thought -  Cheryl Elliott on 5/1/24 4:12pm
 Re: Just a thought -  Lynda Seymour on 5/2/24 10:55am
 HOO-RAH! -  Cheryl Elliott on 5/4/24 8:22am
 Thanks! Seems to work better'n 'call Title' - Lee/AR on 5/4/24 12:07pm



 
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