If a sole proprietor sells goods or services on credit and the account receivable subsequently becomes worthless
, a business bad debt deduction is permitted, but only if the income arising from the creation of the receivable was previously included in income (Regs.
And if money is worthless
, you would need to have your own supply of fuel.
Ian Hughes, 33, from Cardiff, duped hundreds of British investors into buying worthless
shares from the Spanish operation, a court has heard.
Arthur was defiant at first and said Worthless
had "asked for it" after the rapper had branded him a "pop puppet".
Bilthouse contended that his S&E stock became worthless
in 1997, resulting in a complete disposition of his interest in the stock per Sec.
He demolishes several myths about entrepreneurs, including that they must be innovators, that they must be experts, and that they must be young; explores why the best entrepreneurs seem crazy and the best ventures seem worthless
, impossible or stupid; argues that all entrepreneurs face adversity and that this can actually be an opportunity; and discuss how to perceive, create and capture extraordinary value.
To prove that the commission is not 'worthless
', or 'spineless', Ali stood upright in his office to show there was no problem with his spine.
stock pledged as collateral on a multimillion-dollar loan that is backed with a personal guaranty.
The theory employed is that care can reach a blurry point where it is so bad as to be totally "worthless
Section 165(g)(1) provides that worthless
When it became clear that the employer would be unable to repay the loans, he attempted to deduct the worthless
loans as business bad debts.