{"id":1196,"date":"2018-11-14T18:01:37","date_gmt":"2018-11-14T18:01:37","guid":{"rendered":"https:\/\/www.oconnorcpafirm.com\/blog\/?p=1196"},"modified":"2018-11-14T18:01:37","modified_gmt":"2018-11-14T18:01:37","slug":"do-you-have-deductible-bad-business-debt","status":"publish","type":"post","link":"https:\/\/www.oconnorcpafirm.com\/blog\/2018\/11\/do-you-have-deductible-bad-business-debt\/","title":{"rendered":"Do you have deductible bad business debt?"},"content":{"rendered":"<p>Can you deduct your bad business debt this year? According to the IRS, the debt must be closely related to your trade or business. This type of bad debt is typically involves unpaid customer invoices, but it can also include business-related loans. To qualify as a deduction, these two statements must be true:<\/p>\n<p>\u2022 The amount is already included as income or as an asset<br \/>\n\u2022 The debt is considered to be partially or completely worthless<\/p>\n<p>Call for help determining whether or not you can deduct your bad debt as a business expense.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Can you deduct your bad business debt this year? According to the IRS, the debt must be closely related to your trade or business. This type of bad debt is typically involves unpaid customer invoices, but it can also include business-related loans. To qualify as a deduction, these two statements must be true: \u2022 The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Do you have deductible bad business debt? - O&#039;Connor CPA Firm<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oconnorcpafirm.com\/blog\/2018\/11\/do-you-have-deductible-bad-business-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do you have deductible bad business debt? - O&#039;Connor CPA Firm\" \/>\n<meta property=\"og:description\" content=\"Can you deduct your bad business debt this year? According to the IRS, the debt must be closely related to your trade or business. This type of bad debt is typically involves unpaid customer invoices, but it can also include business-related loans. To qualify as a deduction, these two statements must be true: \u2022 The [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oconnorcpafirm.com\/blog\/2018\/11\/do-you-have-deductible-bad-business-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"O&#039;Connor CPA Firm\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-14T18:01:37+00:00\" \/>\n<meta name=\"author\" content=\"Tricia O&#039;Connor CPA MBA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tricia O'Connor CPA MBA\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.oconnorcpafirm.com\/blog\/2018\/11\/do-you-have-deductible-bad-business-debt\/\",\"url\":\"https:\/\/www.oconnorcpafirm.com\/blog\/2018\/11\/do-you-have-deductible-bad-business-debt\/\",\"name\":\"Do you have deductible bad business debt? - O&#039;Connor CPA Firm\",\"isPartOf\":{\"@id\":\"https:\/\/www.oconnorcpafirm.com\/blog\/#website\"},\"datePublished\":\"2018-11-14T18:01:37+00:00\",\"dateModified\":\"2018-11-14T18:01:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.oconnorcpafirm.com\/blog\/#\/schema\/person\/be926ce3c5e9e19cb67276085b6eb993\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.oconnorcpafirm.com\/blog\/2018\/11\/do-you-have-deductible-bad-business-debt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.oconnorcpafirm.com\/blog\/2018\/11\/do-you-have-deductible-bad-business-debt\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.oconnorcpafirm.com\/blog\/2018\/11\/do-you-have-deductible-bad-business-debt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.oconnorcpafirm.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Do you have deductible bad business debt?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.oconnorcpafirm.com\/blog\/#website\",\"url\":\"https:\/\/www.oconnorcpafirm.com\/blog\/\",\"name\":\"O&#039;Connor CPA Firm\",\"description\":\"Denver CPA Firm and Business Advisor\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.oconnorcpafirm.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.oconnorcpafirm.com\/blog\/#\/schema\/person\/be926ce3c5e9e19cb67276085b6eb993\",\"name\":\"Tricia O'Connor CPA MBA\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oconnorcpafirm.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/36b63b138f7a7158415b427996bd1a24?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/36b63b138f7a7158415b427996bd1a24?s=96&d=mm&r=g\",\"caption\":\"Tricia O'Connor CPA MBA\"},\"sameAs\":[\"http:\/\/oconnorcpafirm.com\"],\"url\":\"https:\/\/www.oconnorcpafirm.com\/blog\/author\/triciaoc\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Do you have deductible bad business debt? - O&#039;Connor CPA Firm","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.oconnorcpafirm.com\/blog\/2018\/11\/do-you-have-deductible-bad-business-debt\/","og_locale":"en_US","og_type":"article","og_title":"Do you have deductible bad business debt? - O&#039;Connor CPA Firm","og_description":"Can you deduct your bad business debt this year? According to the IRS, the debt must be closely related to your trade or business. This type of bad debt is typically involves unpaid customer invoices, but it can also include business-related loans. 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