 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
 | Taxation - 1938 - 1486 pages
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 | Administrative law - 1939 - 1522 pages
...sentence of section 23 (k) (1) (relating to deductions for bad debts) Is amended to read as follows: Benefits are not definitely determinable if funds...reduce the amount of contributions by the employer. (b) Years to which applicable. The amendment made by this section shall be effective with respect to... | |
 | Administrative law - 1939 - 1030 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...charged off within the taxable year, as a deduction. 3.23 (k)-l Bad debts. Bad debts may be treated in either of two ways — (a) By a deduction from income... | |
 | Taxation - 1940 - 1318 pages
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