Small business owners can write off unpaid invoices if they fit the following criteria: They’ve recorded the unpaid invoices in their accounting system, they’re an accrual-basis taxpayer, and they can prove to the IRS that they’ve taken reasonable steps to collect the invoice from the customer. Unpaid invoices—as much as any business owner wishes they…

Heather D. Satterley writes for NerdWallet. Email: articles@nerdwallet.com.

The article Can You Write Off Unpaid Invoices? Everything You Need to Know originally appeared on NerdWallet.

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