Nev. Admin. Code § 372.534 — 372.534

NAC 372.534    Claim for bad debt deduction. ( NRS
360.090 , 372.368 , 372.725 ,
374.373 ,
374.725 )    A
retailer who wishes to claim a bad debt deduction must claim the deduction on a
return filed with the Department not later than 12 months after the last day of
the month in which:
1.  The retailer wrote off the bad debt in
the business records of the retailer that are maintained in the ordinary course
of the retailer’s business and became eligible to claim a deduction for the bad
debt pursuant to section 166 of the Internal Revenue Code, 26 U.S.C. § 166, if
the retailer is required to file a federal income tax return; or
2.  The bad debt was written off in the
records and books of account of the retailer in accordance with generally
accepted accounting principles, if the retailer is not required to file a
federal income tax return.
(Added to NAC by Tax Comm’n by R191-18, eff. 12-19-2018)