| http://www.w3.org/ns/prov#value | - od taxpayer reports income in the year the note is received ??? ??? ??? If the cash method taxpayer does not receive a note and the receivable is an open account item, the taxpayer reports no income until the receivable is collected ??? ??? ??? The taxpayer has no basis in the receivable and does not receive bad debt if the receivable is not collected ??? ??? ??? Except for certain specialized ind
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