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Section 2 Description of the Sample IRS Irs  Form

Section 2 Description of the Sample IRS Irs Form

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Notes and Accounts Receivables Alright, now it's Notes and Accounts Receivables.  These are simple Yes/No questions. The difference   between Notes Receivable and Accounts Receivable  is that Notes Receivable are written promises from   third parties, agreeing to pay you money  in the future, and Accounts Receivable   are payments coming into the business from  customers, for regular purchases. The answer   for many businesses will be no, however, if  you do have Notes Receivable, you'll need to   attach a list of these to the Offer. You don't  have to attach a list of accounts receivable,   if you have them when you're submitting the  Offer, but the IRS may ask for them later.

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