Appeal of First National Bank, Jerome

Board of Tax Appeals

Appeal of First National Bank, Jerome

3 B.T.A. 1165

CourtUnited States Board of Tax Appeals

DecidedApril 3, 1926

DocketDocket No. 3726

StatusPublished

Cited by1 cases

This text of 3 B.T.A. 1165 (Appeal of First National Bank, Jerome) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Appeal of First National Bank, Jerome, 3 B.T.A. 1165 (bta 1926).

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Opinion

FINDINGS OF FACT.

The taxpayer is a banking corporation, organized under the banking laws of the United States, with its principal place of business at Jerome, Idaho.

In the year 1920 it charged off upon its books of account items aggregating $6,495.83 as losses on bad loans.

This amount was not claimed as a deduction upon the taxpayer’s original return, but was claimed on a supplemental return and disallowed by the Commissioner.

The deficiency is $143.58 for the year 1919 and $313.37 for the year 1910. Order will be entered accordingly.

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