Unlike the balance sheet approach, which emphasizes the collectability of accounts receivable, the income statement approach ...

Answer: Since this was a personal loan and not related to your business, it is considered a non-business loan for tax purposes. A non-business bad debt is deducted as a short-term ...

Unheard of staffing shortages in nursing home billing offices are leading to billing lapses and major uncollectible or ‘bad’ debt amounts. A $4 million case in Connecticut is fueling observers’ ...

Angel Zhong does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...

Jackson Health System in Miami stunned its governing board with the announcement that the public hospital system's loss for fiscal year (FY) 2009 ended Sept. 30 was $203.8 million--roughly four times ...

Freeman Law’s “The Tax Court in Brief” covers every substantive Tax Court opinion, providing a weekly brief of its decisions in clear, concise prose. For a link to our podcast covering the Tax Court ...