-
Accounts Payable Rules for Liquidation
How does one handle outstanding account payable when the business is closing and on an accural basis, but owner has no way to pay the debt, can these expenses be deducted on the final tax return?
How does one handle outstanding account payable when the business is closing and on an accural basis, but owner has no way to pay the debt, can these expenses be deducted on the final tax return?
Please Turn OFF your ad blocker
- OR -
LOGIN to continue using GeekInterview website.