USA How To WRITE-OFF purchase of future Receivables loan product


Joined
Jul 6, 2017
Messages
1
Reaction score
0
Country
United States
Hey,

I'm in the small business lending industry. I have a client who is taking a loan but it not labeled as a loan it a PURCHASE OF FUTURE RECEIVABLES. The clients accountant does not know how to write-off the interest or how to report this finance charge on my clients taxes. Does anyone how I can tell the accountant to handle this?

Thank you for your help in advance.
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top