So what happens when a business renders a service, provides an invoice, and the client does not pay? Is that a deductible loss? No, if you are on a cash accounting basis, you can’t recognize any income until you are paid.

You can write off the expenses you put into the non-paid work, but you can’t write off non-payment. You can’t write off lost time spent on work when a client does not pay. This stinks, and it really hurts when people don’t pay their invoices.

If you are on an accrual basis, you can write off no-pays as uncollectible income—but you are still at zero; you are not ahead.

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