Under the second method, which is a variation of the Black Motor formula, a taxpayer can determine uncollectible
NAE amounts by multiplying its year-end accounts receivable balance by a three-year moving-average percentage, reflecting its actual NAE as to its accounts receivable balance at the beginning of the current tax year and the two immediately preceding tax years.
5 million additional provision for estimated uncollectible
revenue in the quarter ended September 30, 2009, net income and diluted earnings per share for that quarter would have been $7.
448(d)(5) allows an accrual-basis service provider to avoid accruing income on the portion of its receivables estimated to be uncollectible
, based on the provider's experience.
the current 11%), an uncollectible
expense tracker, and a revenue decoupling mechanism.
Worthlessness is evidenced by the fact that legal action to enforce payment would result in an uncollectible
judgment or by a settlement in bankruptcy.
In 1985 Peat discovered 30% of Top Brass's accounts receivable were uncollectible
Sixth graph, first sentence of release dated July 9, 2008 should read: The $33 million request, including $13 million in revenues previously approved by the DPUC but not being collected by the Company due to reduced kilowatt-hour sales, contains uncollectible
, capital and operations & maintenance (O&M) expenses as well as an appropriate rate of return (sted The $33 million request, including $13 million in revenues previously approved by the DPUC but not being collected by the Company due to reduced kilowatt-hour sales and contains uncollectible
, capital and operations & maintenance (O&M) expenses as well as an appropriate rate of return).
Includes $69,000 of gain deferred from the sale of assets and recognized as a result of payment of related notes and $65,000 of allowances for uncollectible
notes and mortgages receivable.
448-2T(b) describes the nonaccrual-experience method and a specific formula for determining uncollectible
In 1989, over 175 million tax returns were filed and the IRS carried $66 billion in accounts receivable, $8 billion of which was rendered uncollectible
Given the size of reinsurance recoverables relative to surplus, uncollectible
reinsurance can adversely affect an insurance company's financial strength.
When the firm bills a client for out-of-pocket expenses but the client does not pay, the firm can claim a bad debt deduction when the debt is worthless and uncollectible
and legal action to enforce payment would not result in collection.