Discussion:Bad Debt- Services
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Breezygirl (talk|edits) said: | 16 April 2007 |
| Good Morning,
Anyone else working today? Have a quick questions, I believe I know, but.... TP gives horse back riding lessons. Some clients take lessons and but never pay her. She wants to take it as bad debt. She is cash basis. As I se she can't take bad debt for "services rendered". Am I missing something? Any help wuld be appreciated. Teresa | |
| 16 April 2007 | |
| Cash-basis payer reports income when received. Never received payment, no income reported, nothing to deduct. | |
Breezygirl (talk|edits) said: | 16 April 2007 |
| Thank you, I really appreciate yor time!!! Teresa | |
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