Iowa Code 423.53 – Bad debts and model 1 sellers
Current as of: 2024 | Check for updates
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Terms Used In Iowa Code 423.53
- Certified service provider: means an agent certified under the agreement to perform all of a seller's sales or use tax functions, other than the seller's obligation to remit tax on its own purchases. See Iowa Code 423.1
- seller: includes an affiliated group of sellers using the same proprietary system. See Iowa Code 423.1
A certified service provider may claim, on behalf of a model 1 seller, any bad debt deduction as provided in section 423.21. The certified service provider must credit or refund the full amount of any bad debt deduction or refund received to the seller.