What are the advantages of business bad debt treatment when a shareholders loan or advance to a corporation cannot be repaid What must the debtholder show to claim a business bad debt deduction ...

The two advantages of business bad debt treatment are 1 a business bad debt deductio ...

What are the advantages of business bad debt treatment when a shareholders loan or advance to a

Question:

What are the advantages of business bad debt treatment when a shareholder’s loan or advance to a cannot be repaid? What must the debtholder show to claim a business bad debt deduction?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...