 | United States. Court of Claims - 1939 - 690 halaman
...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 such debt to be charged off in part. [Sec. 23.] The plaintiff contends that it is entitled to deduct the amount... | |
 | 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... | |
 | 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... | |
 | New York (State) - 1919 - 520 halaman
...theft and not compensated for by insurance or otherwise. § 360, subd. 6. [Vol. 20] Comptroller (f) Debts ascertained to be worthless and charged off within the taxable year. § 360, subd. 7. (g) A reasonable allowance for the exhaustion, wear and tear of property used in the... | |
 | Guaranty Trust Company of New York - 1919 - 664 halaman
...shipwreck, or other casualty, or from theft, and if not compensated for by insurance or otherwise; (7) Debts ascertained to be worthless and charged off within the taxable year; (8) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,... | |
 | George Edwin Holmes - 1919 - 1052 halaman
...losses is more fullv discussed in another chapter.48 WORTHLESS DERTS. A foreign corporation may deduct debts ascertained to be worthless and charged off within the taxable year, if and to the extent that they are connected with income arising from a source within the United States.48... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 halaman
...shipwrecks, or other casualty or from theft, and not compensated for by insurance or otherwise. 7. Debts ascertained to be worthless and charged off within the taxable year. 8. A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,... | |
 | National City Company, United States - 1919 - 104 halaman
...claim based on substantial loss sustained. In Inventory value or actual payment of rebates. 68. (7) Debts ascertained to be worthless and charged off within the taxable year ; 69. (8) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or... | |
 | Henry Montefiore Powell - 1919 - 708 halaman
...shipwrecks, or other casualty or from theft, and not compensated for by insurance or otherwise. 7. Debts ascertained to be worthless and charged off within the taxable year. 8. A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,... | |
 | 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... | |
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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... 
