The League – Fostering Financial Wellbeing for All

DOR: Bad Debt Deduction Allowable to Credit Unions, Wisconsin Tax Bulletin #72, pp. 6-9 (electronic pp 1-4).

This Wisconsin Dept. of Revenue “Tax Release” outlines when credit unions may use the “reserve method” instead of the “specific charge-off method” of deducting bad debts on the Wisconsin Corporate Franchise Income Tax Return.