What do you do with money that is owed to you and you were unable to collect it. I have a family that left with a large balance and I tried collecting without going to small claims court but have had no luck. The amount is under $300. Someone told me we can not write-off losses on our taxes from money never paid to us...are they correct?
I am now pre-pay so the problem will not come up again but what do I do with this amount still owed and will likely never get?
I am now pre-pay so the problem will not come up again but what do I do with this amount still owed and will likely never get?
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