Nov 18
Welcome to TaxView with Chris Moss CPA Tax Attorney How many of you all have ever loaned money or property through your business and have not been paid back? Have you ever loaned money or property to a friend and have not been paid back? Did you all know you can deduct either on your …
Oct 24
Welcome to TaxView with Chris Moss CPA Have you ever loaned money to someone who didn’t pay you back? Did you know that if you can’t get your money back you could at least write the debt off for taxes? It’s called a “Nonbusiness Bad Debt” (NBD) and it is deductible as a short term …