Legal Question in Business Law in Nevada

i own a small business that incurrs bad debt, if i send that bad debt to a collection agency am i able to then write those losses off on my taxes and if so what form would i use?


Asked on 6/24/10, 2:11 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

Any attorney will say a review of all facts, documents, etc. is required. After that, a personal consultation is needed. This is not a simple bulletin board type question. Consult with a tax attorney in your area for specifics.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

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Answered on 6/25/10, 8:27 am


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