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When Can You Deduct Uncollected Debt?

When Can You Deduct Uncollected Debt?

No matter how thoroughly you check your customers’ credit or how diligently you pursue collection of accounts receivable, you can still end up with uncollected debt. But there could be a silver lining: In certain situations, you can deduct bad debt on your federal...
Simplified Employee Pension: Still Time for 2018

Simplified Employee Pension: Still Time for 2018

If you own a business and don’t have a tax-advantaged retirement plan, it’s not too late to establish one and reduce your 2018 tax bill. A Simplified Employee Pension (SEP) can still be set up for 2018, and you can make contributions to it that you can deduct on your...