Report of which taxes must be filed with gov. body on or before May 1?

• A. Uncollectable Taxes
• B. Current Taxes
• C. Delinquent Taxes
• D. Paid Taxes

Answer: (A)

Uncollectible taxes are those that cannot be recovered after reasonable collection efforts. These are reported to the government body by a set deadline to record the loss and keep financial records accurate, often aligning with year-end accounting. The May 1 cutoff is specifically for documenting these bad debts so the government can adjust revenue and maintain proper accounts. This is distinct from current taxes (due now), delinquent taxes (overdue, with penalties), or paid taxes (already settled). So, the taxes that must be reported by May 1 are the uncollectible taxes.