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When can you write off bad business debts?

$225.00

SKU: TXIma103. Category: .

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Abstract: The tax deduction for business bad debts is among the most widely misunderstood provisions in the tax code. Many business owners mistakenly believe that one can take a bad debt deduction any time an account receivable or other obligation becomes uncollectible. This article reviews the circumstances under which it’s possible to write off bad debts.

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