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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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Thursday, Nov. 1 Expenses – Bad Debts #116If someone owes you money that you cannot collect, then you have a bad debt. Generally, bad debts incurred in your business are fully deductible from your ordinary income. A business deducts its bad debts from gross income when figuring its taxable income. You can... Subscribers have free access to the archives. Click here. |
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