Treatment of bad business debt?

Answers:0   |   LastUpdateAt:2012-09-07 23:29:02  

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Anissa
Asked at 2012-09-07 23:29:02
What would be the tax treatment in the following situations ? MedlinePlus A business loan is made for $ 16,000 , interest accrues $ 20,000 . MedlinePlus The borrower can not make payments and attempts to secure payment have not MedlinePlus Can the $ 16,000 or $ 20,000 deduction and how? MedlinePlus How that $ 4,000 has been spent on legal fees trying . MedlinePlus What are the references , standards, publications , newsletters ?
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