Taxability
Some types of bad debts, whether business or nonbusiness related, are considered tax deductible. Section 166 of the Internal Revenue Code provides the requirements which for a bad debt to be deducted.
Read more about this topic: Bad Debt
Taxability
Some types of bad debts, whether business or nonbusiness related, are considered tax deductible. Section 166 of the Internal Revenue Code provides the requirements which for a bad debt to be deducted.
Read more about this topic: Bad Debt