Tennessee – Bad Debt Deduction Denied

SALT Report 3872 – The Tennessee Supreme Court declined to review an appeals court decision that a taxpayer’s sales tax deductions for bad debts were properly denied. During the audit period the Tennessee legislature revised the bad debt statute and Continue reading Tennessee – Bad Debt Deduction Denied

Maine –Revised Guidance for Bad Debt Credit Calculation

SALT Report 3225 – Maine issued revised guidance on January 22, 2014.  Retailers are responsible to remit sales tax to the state whether or not the retailer has received payment from the customer.   Bulletin No. 29 – Credit for Certain Continue reading Maine –Revised Guidance for Bad Debt Credit Calculation