Articles

By Shauna Krause, President, Capitol Services, Inc.

From Brokstein & Associates CPAs LLP

Is your business having trouble collecting payments from clients or vendors? You might be able to claim a bad debt deduction on your tax return. But if you hope to take the deduction on your 2023 return, you'll have to get busy, because you must be able to show that you've made a “reasonable” effort to collect the debt.

REQUIREMENTS

By: Roger M. Mason, Esq., Rachael E. Brown, Esq., Caitlin E. Kaufman, Esq.

By Shauna Krause, President, Capitol Services, Inc.

A good (and extensive) overview of 2023 housing legislation.