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Johnstone v. Commissioner

17 B.T.A. 366, 1929 BTA LEXIS 2306
CourtUnited States Board of Tax Appeals
DecidedSeptember 20, 1929
DocketDocket No. 30694.
StatusPublished
Cited by4 cases

This text of 17 B.T.A. 366 (Johnstone v. Commissioner) 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
Johnstone v. Commissioner, 17 B.T.A. 366, 1929 BTA LEXIS 2306 (bta 1929).

Opinion

[368]*368OPINION.

Trussell:

We think that under the proof it is shown that petitioner made a sufficient investigation and effort to recover upon the debt and that the conclusion reached by him in the taxable year that it was uncollectible and worthless was, under the conditions shown and then known to him, reasonable and justified. We do not think that the circumstances required that he bring suit, against the advice and opinion of his attorney that the cost would exceed the recovery. Townsend Lumber Co., 1 B. T. A. 894.

Judgment will be entered for the petitioner.

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Related

Stark v. Commissioner
1999 T.C. Memo. 1 (U.S. Tax Court, 1999)
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First Teachers Inv. Corp. v. Commissioner
1980 T.C. Memo. 302 (U.S. Tax Court, 1980)
Johnstone v. Commissioner
17 B.T.A. 366 (Board of Tax Appeals, 1929)

Cite This Page — Counsel Stack

Bluebook (online)
17 B.T.A. 366, 1929 BTA LEXIS 2306, Counsel Stack Legal Research, https://law.counselstack.com/opinion/johnstone-v-commissioner-bta-1929.