85 NOTES TO THE FINANCIAL STATEMENTS 

Note 3. Accounts Receivable, Net 

Accounts Receivable, net as of September 30, 2022, and 2021 

(In billions of dollars) 2022 2021 

Taxes receivable: 

Taxes receivable, gross ........................................................................................ 451.4 507.8 

Allowance for uncollectible amounts ...................................................................... (205.7) (196.6) 

Taxes receivable, net ......................................................................................... 245.7 311.2 

Other accounts receivable: 

Other accounts receivable, gross .......................................................................... 204.5 140.7 

Allowance for uncollectible amounts ...................................................................... (93.9) (50.9) 

Other accounts receivable, net ........................................................................... 110.6 89.8 

 Total accounts receivable, net ......................................................................... 356.3 401.0 

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 $2.8 billion

and $3.0 billion as of September 30, 2022, and 2021, respectively. 

Treasury comprises approximately 66.8 percent of the government’s reported accounts receivable, net, as of September 

30, 2022. Treasury accounts for nearly all the reported taxes receivable, which consist of unpaid assessments due from 

taxpayers, unpaid taxes related to IRC section 965, and deferred payments resulting from the CARES Act. Examples of 

unpaid assessments 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 decrease of $66.6 billion 

primarily due to the 50 percent year one installment payment of the deferred employer portion of FICA Social Security taxes. 

Other accounts receivable, gross and the corresponding allowance for uncollectible amounts increased significantly year 

over year, primarily because of DOL’s benefit overpayments from programs related to COVID-19, including an increase in 

gross receivables of $37.5 billion and an increase to the allowance of $39.2 billion. Another substantial factor in the overall

change in Other accounts receivable, gross, was the $11.6 billion increase in HHS receivables primarily due to Medicare. 

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

30, 2022. Refer to each entity’s financial statements for additional information: 

x Treasury x DOL x OPM 

x HHS x DOE x SEC 

x DHS x VA x HUD 

x DOD x PBGC x USPS 

x SSA x DOJ x FCC 

x DOI x FDIC x EPA 

x USDA x TVA