 | United States. Court of Claims - 1941 - Broj stranica: 858
...Act of 1928 provided : In computing net income there shall be allowed as deductions : (j) Bad debts. Debts ascertained to be worthless and charged off...Commissioner may allow such debt to be charged off in part. (45 Stat. 791, 800.) We are not satisfied by plaintiff's meagre evidence relating to these debts that... | |
 | United States. Court of Claims - 1937 - Broj stranica: 710
...1928. section 23 (j), which provide that in computing net income there shall be allowed as deductions "Debts ascertained to be worthless and charged off...Commissioner, a reasonable addition to a reserve for bad debts) ; * * *." The use of the reserve system in connection with deductions for worthless debts... | |
 | United States. Court of Claims - 1940 - Broj stranica: 772
...claims a deduction for a partial bad debt under that portion of section 23 (j) which reads as follows: And when satisfied that a debt is recoverable only...Commissioner may allow such debt to be charged off in part. This section, however, has in mind a transaction to be completed in the future, and not one already... | |
 | United States - 1921 - Broj stranica: 642
...clearly reflect the income, the loss should, in the opinion of the Commissioner, ^e accounted for sis of a different period. In case of losses arising from...reserve for bad debts) ; and when satisfied that a debt jg recoverable only in part, the Commissioner may allow such debt to be charged off in part; ^ ^ reasonaDle... | |
 | National City Company - 1921 - Broj stranica: 104
...exempt from this provision in respect to transactions in the ordinary course of their business. 97 "(5) Debts ascertained to be worthless and charged off...Commissioner may allow such debt to be charged off in part;" Provision for charge-off of a reserve or fractional loss is new. 98 "(6) The amount received as dividends... | |
 | United States - 1922 - Broj stranica: 756
...deduction shall be computed upon the basis of its fair market price or value as of March 1, 1913; (5) Debts ascertained to be worthless and charged off...Commissioner may allow such debt to be charged off in part; (6) The amount received as dividends (A) from a domestic corporation other than a corporation entitled... | |
 | 1922 - Broj stranica: 500
...in computing the net income of an individual or corporation there shall be allowed as a deduction : Debts ascertained to be worthless and charged off...commissioner may allow such debt to be charged off in part. The foregoing provision changes the previous practice in two particulars — first, by recognizing... | |
 | Emerson Emanuel Rossmoore - 1922 - Broj stranica: 592
...different period. In case of losses arising from destruction of or damage to property, where the property the deduction shall be computed upon the basis of...taxable year (or, in the discretion of the Commissioner, an» reasonable addition to a reserve for bad debts) ; and when satisfied that a debt is recoverable... | |
 | James Williams Baker - 1922 - Broj stranica: 396
...amount due from customers at the close of the period. The 1921 Revenue Act provides a deduction for "debts ascertained to be worthless and charged off...Commissioner, a reasonable addition to a reserve for bad debts)." Debit the Reserve for Doubtful Accounts Account: ll. For the amount that cannot be collected... | |
 | Irving Bank. Columbia Trust Company - 1923 - Broj stranica: 148
...property not connected with the trade or business (but in the case of a nonresident alien individual only property within the United States) if arising from...the Commissioner, a reasonable addition to a reserve fa bad debts); and when satisfied that a debt is recoverable only in part, the Commissioner may allow... | |
| |
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... 
