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Archive Home > 2009 > February > 08 > Small businesses: Customers in your debt can hurt you at tax time

Small businesses: Customers in your debt can hurt you at tax time

By Joyce M. Rosenberg / The Bulletin
February 8, 2009

NEW YORK — It’s a bit of insult added to injury — small-business owners who had nonpaying customers in 2008 are likely to find they can’t take the bad debts as deductions on their income tax returns.

Tax laws limit the ability of many small businesses,....

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