If I don't want to send parents to collections, can I deduct what they owe me? Ask the ExpertsDeductionsRecord Keeping & Taxes Aug 26 Written by Tom Copeland No. Money you don't collect from parents is not deductible. It's not considered a "bad debt" under IRS rules. Tom Copeland Previous Previous Should You Copyright Your Contract and Policies? Next Next What's Your Excuse for Not Purchasing Business Liability Insurance?
If I don't want to send parents to collections, can I deduct what they owe me? Ask the ExpertsDeductionsRecord Keeping & Taxes Aug 26 Written by Tom Copeland No. Money you don't collect from parents is not deductible. It's not considered a "bad debt" under IRS rules. Tom Copeland
