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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... "
The Code of Federal Regulations of the United States of America Having ... - Page 115
1939
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Cases Decided in the United States Court of Claims, Volume 84

United States. Court of Claims - Claims - 1937
...Revenue Act of 1928, which reads : In computing net income there shall be allowed as deductions : (j) Bad debts. — Debts ascertained to be worthless and...only in part, the Commissioner may allow such debt to be charged off in part. Plaintiff in his tax return for the year 1929 made no claim for deduction...
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Digest of the Federal Revenue Act of 1921: For Income and Excess Profits ...

National City Company - Income tax - 1921 - 99 pages
...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...only in part, the 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)...
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Statutes of the United States of America

United States - Law - 1921
...deduction shall be computed upon the basis of its fair market price or value as of March 1, 1913; (7) Debts ascertained to be worthless and charged off...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...
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Journal of Accountancy, Volume 33

Accounting - 1922
...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...only in part, the commissioner may allow such debt to be charged off in part. The foregoing provision changes the previous practice in two particulars...
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Barnes' Federal Code: Containing All Federal Statutes of General and Public ...

United States - Law - 1922 - 2831 pages
...deduction shall be computed upon the basis of its fair market price or value as of March 1, 1913; (7) Debts ascertained to be worthless and charged off...only in part, the Commissioner may allow such debt to be charged off in part; (8) A reasonable allowance for the exhaustion, wear and tear of property...
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The Federal Statutes Annotated: Containing All the Laws of the United States ...

United States - Law - 1922
...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...only in part, the Commissioner may allow such debt to be charged off in part ; (6) The amount received as dividends (A) from a domestic corporation other...
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Practical Questions and Answers on the Federal Tax Laws Affecting Individual ...

Irving Bank. Columbia Trust Company - Income tax - 1923 - 144 pages
...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...only in part, the Commissioner may allow such debt to be charged off in part; * (6) The amount received as dividends (A) from a domestic corporation other...
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Comparison of the Revenue Acts of 1918 and 1921: With Index ...

United States. Congress. House. Committee on Ways and Means - Finance - 1923 - 238 pages
...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...only in part, the Commissioner may allow such debt to be charged off in part; (6) The amount received as dividends (A) from a domestic corporation other...
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Accounting Principles Underlying Federal Income Taxes, 1924

Eric Louis Kohler - Accounting - 1924 - 489 pages
...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...only in part, the Commissioner may allow such debt to be charged off in part; (6) The amount received as dividends (A) from a domestic corporation other...
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Regulations 65 Relating to the Income Tax Under the Revenue Act of 1924

United States. Internal Revenue Service - Income tax - 1924 - 363 pages
...in section 204 for determining the gain or loss from the sale or other disposition of property ; (5) Debts ascertained to be worthless and charged off...only in part, the Commissioner may allow such debt to be charged off in part ; (6) The amount received as dividends (A) from a domestic corporation other...
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