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Can a cash method taxpayer claim a deduction for bad debts? If Yes - how do we know what the requirements are for a bad
Can a cash method taxpayer claim a deduction for bad debts?
If Yes - how do we know what the requirements are for a bad debt deduction? & how cash method taxpayers meet them?
If No - identify the requirements for a bad debt deduction & how cash method taxpayers fail to meet these requirements.
If some bad debts are deductible, identify the requirements for a bad debt deduction, & identify which bad debts do/do not, qualify & why?
Can a cash method taxpayer claim a deduction for bad debts?
If Yes - how do we know what the requirements are for a bad debt deduction? & how cash method taxpayers meet them?
If No - identify the requirements for a bad debt deduction & how cash method taxpayers fail to meet these requirements.
If some bad debts are deductible, identify the requirements for a bad debt deduction, & identify which bad debts do/do not, qualify & why?
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