583325
You'll need to sign in or create an account to connect with an expert.
Yes and yes. It is a cost of doing business in the present, but once it is refunded to you, it is no longer an expense and must be recorded as "other income" with an explanation.
Yes and yes. It is a cost of doing business in the present, but once it is refunded to you, it is no longer an expense and must be recorded as "other income" with an explanation.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
rpbean
New Member
sguttery89
New Member
user17522839879
New Member
Shogun159
Level 3
TuckerdogAVL
Level 5