Respondent determined a deficiency in income tax against petitioner for the calendar year 1939 in the amount of $2,160.81. The deficiency resulted from respondent's disallowance of a deduction of $18,661.90 as a bad debt that had been so ascertained in the taxable year.
FINDINGS OF FACT.
Petitioner is a resident of New York City and filed his income tax return for 1939 with the collector of internal revenue for the second district of the State of New York...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.