Allowance for Loss on Interest Receivable - Taxes
Definition
This account is used to record the estimated amount of loss due to uncollectible interest receivable on taxes. 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 D404 To record the estimated allowance for bad debts related to non-credit-reform receivables.
Credit · Proprietary entry D416 To record the write-off of interest receivable.
Debit · Proprietary entry D420 To record the accrued estimated uncollectible exchange revenue due to credit losses with related costs incurred and collected for others in a General Fund Receipt Account.
Credit · 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 D404 To record the estimated allowance for bad debts related to non-credit-reform receivables.
Credit · Proprietary entry D416 To record the write-off of interest receivable.
Debit · Proprietary entry D420 To record the accrued estimated uncollectible exchange revenue due to credit losses with related costs incurred and collected for others in a General Fund Receipt Account.
Credit · 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
Statement crosswalks
5
V
Balance Sheet · line 9
Accounts receivable, net (Notes 6 and 7) V Statement of Custodial Activity · line 7
Miscellaneous V Statement of Custodial Activity · line 7
Miscellaneous V Statement of Custodial Activity · line 9
Accrual Adjustments (+/-) V Statement of Custodial Activity · line 9
Accrual Adjustments (+/-)
Accounts receivable, net (Notes 6 and 7) V Statement of Custodial Activity · line 7
Miscellaneous V Statement of Custodial Activity · line 7
Miscellaneous V Statement of Custodial Activity · line 9
Accrual Adjustments (+/-) V Statement of Custodial Activity · line 9
Accrual Adjustments (+/-)