bookkeeping tips - aipb（记账技巧u2014u2014aipb）.pdfVIP

Bookkeeping Tips The American Institute of Professional Bookkeepers () VOL. 3: Issue 6 Recording Bad Debt Expense For Tax v. Book Purposes For tax purposes: The direct write-off method. Under the direct write-off method, which is required by the IRS for income tax purposes, bad debt expense is taken when the company determines that an accounts receivable cannot be collected. (This method cannot be used for book purposes under generally accepted accounting principles.) Very small companies sometimes use this method for both tax and book p