 Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of the Commissioner, a reasonable addition to a reserve for bad debts) ; and when satisfied that a debt is recoverable only in part, the Commissioner may...  The Federal Reporter - Стр. 141927Полный просмотр - Подробнее о книге
 | United States. Court of Claims - 1928 - Страниц: 760
...applicable statute here is sec. 234 (a) (5) of the revenue act of 1918, 40 Stat. 1077, 1078, as follows : SEC. 234. (a) That in computing the net income of...worthless and charged off within the taxable year. Under this statute, to entitle plaintiff to the deduction claimed it is necessary that it should satisfactorily... | |
 | United States. Court of Claims - 1938 - Страниц: 834
...deduction for bad debts.— Under the Revenue Act of 1918, providing for deduction from gross income of "debts ascertained to be worthless and charged off within the taxable year," the two conditions which must be fulfilled are (1) ascertainment of worthlessness and (2) charging off... | |
 | United States. Court of Claims - 1929 - Страниц: 868
...deductions: "(4) Losses sustained during the taxable year and not compensated for by insurance or otherwise; "(5) Debts ascertained to be worthless and charged off within the taxable vear." Opinion of the Court The Board of Tax Appeals has consistently held in several cases that where... | |
 | 1926 - Страниц: 1144
...of said account. [1, 2] As to defendant's first defense : What is meant by the words of the statute, "debts ascertained to be worthless and charged off within the taxable year." The statute prescribes no method by which such fact shall be ascertained, and we must not become wiser... | |
 | New York (State). Comptroller's Office - 1919 - Страниц: 24
...or from theft, and not compensated for by insurance or otherwise. (Section 360, subdivision 6) (f) Debts ascertained to be worthless and charged off within the taxable year. (Section 360, subdivision 7) (g) A reasonable allowance for the exhaustion, wear and tear of property... | |
 | Guaranty Trust Company of New York - 1919 - Страниц: 664
...other tax paid pursuant to the contract or provision referred to in that subdivision, shall be allowed; (5) Debts ascertained to be worthless and charged off within the taxable year; (4) Losses sustained during the taxable year and not compensated for by insurance or otherwise; [181l... | |
 | George Edwin Holmes - 1919 - Страниц: 1048
...subject is more fully discussed elsewhere.30 Worthless Debts. Citizens and residents may deduct all debts ascertained to be worthless and charged off within the taxable year. The law does not require such debts to have been incurred in the trade or business of the individual. It... | |
 | George Edwin Holmes - 1919 - Страниц: 1052
...allowed; \4) Losses sustained during the taxable year and not compensated for by insurance or otherwise; (5) Debts ascertained to be worthless and charged off within the taxable year; (6) Amounts received as dividends from a corporation which is taxable under this title upon its net... | |
 | Harris, Forbes & co., New York - 1919 - Страниц: 164
...Losses sustained during the taxable year and not compensated for by insurance or otherwise; Losses (5) Debts ascertained to be worthless and charged off within the taxable year; (6) Amounts received as dividends from a corporation which is taxable under this title upon its net... | |
 | Alabama - 1919 - Страниц: 1476
...business. (4) Losses sustained during the taxable year and not compensated for by insurance or otherwise. (5) Debts ascertained to be worthless and charged off within the taxable year. (6) Amounts received as dividends from a corporation which is taxable under this act upon its net income.... | |
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