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robertspraguejr
Lv 4
robertspraguejr asked in Business & FinanceTaxesUnited States · 1 decade ago

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.

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  • Anonymous
    1 decade ago
    Favorite Answer

    In my state, California, the tax is the tax rate times the amount collected so TR times zero = zero.

  • hirebookkeeper
    Lv 6
    1 decade ago

    What does your state say about that?

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