Appeal of Laurens Trust Co.

Board of Tax Appeals

Appeal of Laurens Trust Co.

3 B.T.A. 331

United States Board of Tax Appeals·Decided January 14, 1926·No. Docket No. 3930·Published·Cited by 1 cases

Opinion

[332] DECISION.

In computing the deficiency in this appeal, bad debt deductions; should be allowed in the amount of $35,939.68, and there should be-included in gross income derived from the Simpson land transaction only the amount of the cash payment of $2,247.50. Otherwise, the, determination of the Commissioner is approved. Final determination will be settled upon 15 days’ notice, pursuant to Rule 50.

Free access — add to your briefcase to read the full text and ask questions with AI

[332] DECISION.

In computing the deficiency in this appeal, bad debt deductions; should be allowed in the amount of $35,939.68, and there should be-included in gross income derived from the Simpson land transaction only the amount of the cash payment of $2,247.50. Otherwise, the, determination of the Commissioner is approved. Final determination will be settled upon 15 days’ notice, pursuant to Rule 50.

Appeal of Laurens Trust Co., 3 B.T.A. 331 (bta 1926).

Pincite

3 B.T.A. 331 (Appeal of Laurens Trust Co.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

Related