All Essential Benefits/Effects/Facts & Information. Olive leaf extract is a supplement derived from the leaves of the plant that bears olive (a fruit from which the cooking oil is derived from) and contains the main bioactives of hydroxytyrosol/tyrosol and oleuropein/ligstroside.
When a customer defaults on an amount due, this is called bad debt. When an account is deemed to be uncollectible, the business must remove the receivable from the books and record an expense. This is considered an expense because bad debt is a cost of doing business.
A bad debt tax credit is allowed only for retail sales tax which has been remitted to the department but has become uncollectible and written off for IRS purposes. b) Credits, refunds, and deductions for bad debts are based on federal standards for worthlessness under section 166 of the Internal Revenue Code. bad debt tax credit is allowed only for retail sales tax which has been remitted to the department but has become uncollectible and written off for IRS purposes. b) Credits, refunds, and deductions for bad debts are based on federal standards for worthlessness under section 166 of the Internal Revenue Code.