A Business Loan That Becomes Worthless Needs More Than an Unpaid Invoice File
Bona fide debt, tax basis, business connection, and the year of worthlessness control the loss analysis.
TOPIC COLLECTION
Operating losses
A focused reading path from The Profit Planning Journal. Start with the question closest to your situation, then review the linked sources and documentation steps.
Employee Embezzlement Can Create a Business Theft Loss in the Discovery Year
The deduction depends on the theft facts, adjusted basis, and reasonable prospects of reimbursement.
A Lost Supplier Advance Needs Classification Before It Becomes a Tax Writeoff
A right to goods, a refundable deposit, and a genuine loan can create different loss analyses.