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need help US tax 1. Cash-basis taxpayers can deduct bad debt expense for their business. True or False? Explain your answer I 2. Accrual-based taxpayers

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1. Cash-basis taxpayers can deduct bad debt expense for their business. True or False? Explain your answer I 2. Accrual-based taxpayers can deduct bad debt expense for their business exactly as bad debt expense would appear under generally accepted accounting principles (GAAP). True or false? (The end of the page about "related persons" is not relevant to the answer) Explain your answer. Please use the terms allowance and direct write-off in your explanation

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