Question: I need to deduct an Italian death debt from my taxes. The Tax office is asking for a confirmation of not-collectability from a lawyer. What is it? Can you help?
Answer: In several tax laws, credits are considered taxable income. If you have a credit that cannot be collected, you might be entitled to deduct it from your income and avoid taxation on the related amount.
After our review of the applicable case circumstances, our Italian Lawyers would confirm which activities need to be carried out to issue said Statement and the related cost.
Upon request, our Italian law firm would be glad to provide you with a worldwide applicable Not-Collectable Credit Statement, in any language.
You can book a consultation in order to discuss the specific circumstances of your matter.
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