Tax Court Rejects Cos.' Bad Debt Deductions
By Theresa Schliep · July 11, 2023, 6:01 PM EDT
A Florida man's businesses can't claim bad debt deductions for funds advanced to affiliated entities because the advances are equity, and not debt, the U.S. Tax Court said Tuesday....
To view the full article, register now.
Try a seven day FREE Trial
Already a subscriber? Click here to login