83 NOTES TO THE FINANCIAL STATEMENTS 

Note 3. Accounts Receivable, Net 

Accounts Receivable, net as of September 30, 2023, and 2022 

(In billions of dollars) 2023 2022 

Taxes receivable: 

Taxes receivable, gross 419.4 451.4 

Allowance for uncollectible amounts (228.7) (205.7) 

Taxes receivable, net 190.7 245.7 

Other accounts receivable: 

Other accounts receivable, gross 234.6 204.5 

Allowance for uncollectible amounts (105.4) (93.9) 

Other accounts receivable, net 129.2 110.6 

 Total accounts receivable, net 319.9 356.3 

Taxes receivable is listed first above due to being the significant portion of total accounts receivable, and the rest are 

referred to as other accounts receivable. Other accounts receivable, gross includes related interest receivable of $4.2 billion

and $2.8 billion as of September 30, 2023, and 2022, respectively. 

Treasury comprises approximately 57.7 percent of the government’s reported accounts receivable, net, as of September 

30, 2023. Treasury accounts for nearly all the reported taxes receivable, which consist of receivables (taxes and associated 

penalties and interest) supported by a taxpayer agreement, unpaid taxes related to IRC section 965, and deferred payments 

resulting from the CARES Act. Examples of receivables supported by a taxpayer agreement are the filing of a tax return 

without sufficient payment or a court ruling in favor of the IRS. Section 965(h) of the IRC requires taxpayers who are 

shareholders of certain specified foreign corporations to pay a transition tax on foreign earnings as if those earnings had been 

repatriated to the U.S. IRC 965(h) allows taxpayers to elect to pay their tax on an eight-year installment schedule. Pursuant to 

the CARES Act, employers, through December 31, 2020, could defer payment, without penalty, of their portions of the 

Social Security segment of FICA and the employer’s and employee representative’s share of the Railroad Retirement Tax. 

Treasury experienced a year over year net decrease of $53.0 billion primarily due to the reduction in IRC 965(h) and to 

payments to Treasury of the deferred employer portion of FICA Social Security taxes. Additionally, the $21 billion increase 

to Treasury’s allowance for uncollectible amounts was largely due to an increase in delinquent taxes receivable inventory. 

Pursuant to Section 13(c)(4)(G) of the Federal Deposit Insurance Act, on March 12, 2023, the Secretary of the Treasury 

invoked the statutory systemic risk exception to allow the FDIC to complete its resolution of both Silicon Valley Bank, Santa 

Clara, California, and Signature Bank, New York, New York, in a manner that protects uninsured depositors. Accordingly, 

the FDIC imposed a special assessment on all insured depository institutions to recover the loss to the DIF arising from the 

protection of uninsured depositors. This $16.3 billion receivable was a factor in the year over year increase to other accounts

receivable, gross. 

The following entities are the main contributors to the government’s reported accounts receivable, net as of September 

30, 2023. Refer to each entity’s financial statements for additional information: 

x Treasury x DOI x DOJ 

x HHS x DOL x USPS 

x FDIC x PBGC x HUD 

x DOD x VA x FCC 

x DHS x DOE x SEC 

x SSA x OPM x EPA 

x USDA x TVA x FCSIC