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N4longterm

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N4longterm

Re: integral post# 76858

Tuesday, 09/23/2014 9:06:20 PM

Tuesday, September 23, 2014 9:06:20 PM

Post# of 222195
A side question...

I am an owner of a small business. Several years ago the company that handled our collection of past due accounts suggested that we file a 1099 for any company that we write off bad debt. We may not get paid, but the IRS might go after them for unreported income.

What would be your take on this theory?

In case I forgot to mention it above, Always Just My Very Humble Opinion

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