fired employee who, under loan agreement still owes company $1,000. Not going to pursue employee as bad exit. Do i just included the $1,000 on w-2 ?

have loan agreement. had paid a few months down.
company terminated without cause.

1 answer | asked Apr 5, 2018 10:00 AM [EST] | applies to New York

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Should you not ask your accountant that question to get the most advantageous tax treatment of a bad or potentially not collectible debt?

posted by V Jonas Urba | Apr 5, 2018 10:04 AM [EST]

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fired employee who, under loan agreement still owes company $1,000. Not going to pursue employee as bad exit. Do i just included the $1,000 on w-2 ?

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