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Tax & Business Alert M A 2015DEDUCTING BUSINESS BAD Debts' debt collection is a problem for your business, deducting uncollectible (bad) debts from your tax bill may somewhat lessen the sting of simply
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Filing debt collection is a process used by businesses or individuals to collect outstanding debts from individuals or other businesses.
Businesses or individuals who are owed money and are seeking to collect outstanding debts are required to file debt collection forms.
To fill out a debt collection form, you will need to provide information about the debt, the debtor, and any attempts made to collect the debt.
The purpose of debt collection is to recover money owed to a business or individual by a debtor.
Information such as the amount owed, the debtor's contact information, and any previous attempts to collect the debt must be reported on a debt collection form.
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