To put it plainly, EVERY charge from a repossessor is taxable to the lender or forwarder and considered part of the debt collection process.
October 15, 2021 – Texas Tax has been a subject of much contention and debate in our space for a long time. Unfortunately, it’s the law of the land to conduct business in Texas. TexasARP’s representatives have been fielding tax questions for members, non-members, clients and vendors alike. We want to share our knowledge on this subject in this open letter, so our Texas agents can help to educate the companies and organizations we do business with.
TexasARP – TexasARPTalks Texas Taxes –
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One Industry. One Professional Standard