Wednesday, March 17, 2010

Should I credit sales tax on uncollectible receivables?

When calculating sales tax on your sales, is it proper to deduct for uncollectible accounts receivable the way we can on income tax? I'm talking about when the debt has already been written off.

Should I credit sales tax on uncollectible receivables?
In my state, California, the tax is the tax rate times the amount collected so TR times zero = zero.
Reply:What does your state say about that?


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