Jones Lumber Co. v. Commissioner

Board of Tax Appeals

Jones Lumber Co. v. Commissioner

5 B.T.A. 1159, 1927 BTA LEXIS 3659

CourtUnited States Board of Tax Appeals

DecidedJanuary 25, 1927

DocketDocket No. 3275.

StatusPublished

Cited by1 cases

This text of 5 B.T.A. 1159 (Jones Lumber Co. 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

Jones Lumber Co. v. Commissioner, 5 B.T.A. 1159, 1927 BTA LEXIS 3659 (bta 1927).

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Opinion

[1160]*1160OPINION.

Marquette:

Upon consideration of the evidence herein, we are of the opinion that the debts in question were worthless on December 31, 1921, and that they were ascertained to be worthless and charged off within the year 1921. The petitioner is, therefore, entitled to deduct the amount of the debts in computing its net income for the year 1921.

Judgment will he entered on 15 days' notice, under Bule 50.

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[1160]*1160OPINION.

Marquette:

Upon consideration of the evidence herein, we are of the opinion that the debts in question were worthless on December 31, 1921, and that they were ascertained to be worthless and charged off within the year 1921. The petitioner is, therefore, entitled to deduct the amount of the debts in computing its net income for the year 1921.

Judgment will he entered on 15 days' notice, under Bule 50.

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Bluebook (online)

5 B.T.A. 1159, 1927 BTA LEXIS 3659, Counsel Stack Legal Research, https://law.counselstack.com/opinion/jones-lumber-co-v-commissioner-bta-1927.

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