 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 allow...  The Federal Reporter - Halaman 921926Tampilan utuh - Tentang buku ini
 | United States. Court of Claims - 1929 - 868 halaman
...involved allow as 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... | |
 | United States. Court of Claims - 1938 - 834 halaman
...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 - 1941 - 708 halaman
...provisions of section 23 (k) of the revenue act of 1934 which provides for the allowance of a deduction for "Debts ascertained to be worthless and charged off within the taxable year * * *." (48 Stat. 680, 689.) The statute provides two conditions precedent for the allowance of a bad-debt... | |
 | 1926 - 1144 halaman
...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 - 24 halaman
...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... | |
 | George Edwin Holmes - 1919 - 1052 halaman
...subdivision, shall be allowed; \4) Losses sustained during the taxable year and not compensated for by insurance or otherwise; (5) Debts ascertained to...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 - 1476 halaman
...upon the property or business. (4) Losses sustained during the taxable year and not compensated for by insurance or otherwise. (5) Debts ascertained to...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.... | |
 | Harris, Forbes & co., New York - 1919 - 164 halaman
...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... | |
 | Guaranty Trust Company of New York - 1919 - 664 halaman
...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... | |
 | Ewell D. Moore - 1919 - 44 halaman
...deduction for payment of taxes is allowed: 4. Losses sustained in the taxable year and not compensated for by insurance or otherwise; 5. Debts ascertained to be worthless and charged off in the taxable year. 6. Dividends from a corporation taxable under this title, and dividends from a... | |
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