Allowance for Loss on Taxes Receivable
Definition
This account is used to record the estimated amount of uncollectible taxes receivable. This account does not close at year-end.
Year-end: This account does not close at year-end.
Source: Section II ·
p1sec2-acctdef-2026.pdf
Required attributes & legal values
9For each attribute this account reports, these are the only domain values GTAS will accept for this account (Section IV).
Begin/End
BulkFile attribute
B
E
Debit/Credit
BulkFile attribute
D
C
Cust/Noncust
BulkFile attribute
A
S
Fed/Nonfed
BulkFile attribute
N
Fund Type
TAS attribute
CF
DF
EC
EG
EM
EP
ER
ES
ET
GA
TR
UG
US
UT
Reporting Type Code
TAS attribute
E
F
U
Financing Account Code
TAS attribute
D
G
N
TAS Status
TAS attribute
U
E
Trans Code
TAS attribute
X
K
N
Transactions
8
D306
To record a prior-period adjustment that reduces the value of a prior-year asset.
Debit · Proprietary entry D310 To record a prior-period adjustment that increases the value of a prior-year asset.
Credit · Proprietary entry D402 To record an allowance for a reduction in exchange revenue due to noncredit losses such as returns, allowances, and price redeterminations when realization is not probable (less likely than not that revenue will be realized.)
Credit · Proprietary entry D404 To record the estimated allowance for bad debts related to non-credit-reform receivables.
Credit · Proprietary entry D410 To record the write-off of taxes receivable.
Debit · Proprietary entry D424 To record in a General Fund Receipt Account, the accrued estimated uncollectible non-exchange revenue and exchange revenue with virtually no cost reported on the Statement of Custodial Activity or on the custodial footnote.
Credit · Proprietary entry E508 To record the transfer-out of nonbudgetary or non-federal accounts receivable to other federal entities without reimbursement.
Debit · Proprietary entry E604 To record the transfer-in of nonbudgetary or non-federal accounts receivable from others without reimbursement.
Credit · Proprietary entry
Debit · Proprietary entry D310 To record a prior-period adjustment that increases the value of a prior-year asset.
Credit · Proprietary entry D402 To record an allowance for a reduction in exchange revenue due to noncredit losses such as returns, allowances, and price redeterminations when realization is not probable (less likely than not that revenue will be realized.)
Credit · Proprietary entry D404 To record the estimated allowance for bad debts related to non-credit-reform receivables.
Credit · Proprietary entry D410 To record the write-off of taxes receivable.
Debit · Proprietary entry D424 To record in a General Fund Receipt Account, the accrued estimated uncollectible non-exchange revenue and exchange revenue with virtually no cost reported on the Statement of Custodial Activity or on the custodial footnote.
Credit · Proprietary entry E508 To record the transfer-out of nonbudgetary or non-federal accounts receivable to other federal entities without reimbursement.
Debit · Proprietary entry E604 To record the transfer-in of nonbudgetary or non-federal accounts receivable from others without reimbursement.
Credit · Proprietary entry