 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...  United States Code - Page 3296by United States - 1953Full view - About this book
 | Almanacs, American - 1924 - 1040 pages
...the salo or o.uer disposition ol pro icrty : (5) Debts ascertained to be 'worthless and charged off within the taxable year (or in the discretion of the...recoverable only in part, the commissioner may allow sut'h debt to be charged uK in part; (0) The amount received as dividends (A) from a domestic corporation... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - Internal revenue - 1938 - 700 pages
...extent provided in section 117 (d). (k) BAD DEBTS. — Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of...debt, in an amount not in excess of the part charged on within the taxable year, as a deduction. (1) DEPRECIATION. — A reasonable allowance for the exhaustion,... | |
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