Rhode Island Code of Regulations
Title 280 - Department of Revenue
Chapter 20 - Division of Taxation
Subchapter 25 - Business Corporation Tax
Part 12 - Consolidated Returns (280-RICR-20-25-12)
Section 280-RICR-20-25-12.7 - Bad Debts
Universal Citation: 280 RI Code of Rules 20 25 12.7
Current through September 18, 2024
A. Resulting from transactions during consolidated return period: Intercompany accounts receivable shall not be deducted as bad debts during a consolidated return period.
B. Resulting from transactions prior to the consolidated return period: No deduction shall be allowed during a consolidated return period for intercompany accounts receivable or other obligations resulting from intercompany transactions during the period of filing separate returns.
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