 | United States. Court of Claims - 1937 - 710 pages
...1928. section 23 (j), which provide that in computing net income there shall be allowed as deductions "Debts ascertained to be worthless and charged off...Commissioner, a reasonable addition to a reserve for bad debts) ; * * *." The use of the reserve system in connection with deductions for worthless debts... | |
 | National City Company - 1921 - 104 pages
...exempt from this provision in respect to transactions in the ordinary course of their business. 97 "(5) Debts ascertained to be worthless and charged off...only in part, the Commissioner may allow such debt to be charged off in part;" Provision for charge-off of a reserve or fractional loss is new. 98 "(6)... | |
 | United States - 1921 - 642 pages
...deduction shall be computed upon the basis of its fair market price or value as of March 1, 1913; (7) Debts ascertained to be worthless and charged off...reserve for bad debts) ; and when satisfied that a debt jg recoverable only in part, the Commissioner may allow such debt to be charged off in part; ^ ^ reasonaDle... | |
 | United States - 1922 - 1028 pages
...deduction shall be computed upon the basis of its fair market price or value as of March 1, 1913 ; (5) Debts ascertained to be worthless and charged off...only in part, the Commissioner may allow such debt to be charged off in part ; (6) The amount received as dividends (A) from a domestic corporation other... | |
 | United States - 1922 - 756 pages
...deduction shall be computed upon the basis of its fair market price or value as of March 1, 1913; (7) Debts ascertained to be worthless and charged off...only in part, the Commissioner may allow such debt to be charged off in part; (8) A reasonable allowance for the exhaustion, wear and tear of property... | |
 | 1922 - 500 pages
...in computing the net income of an individual or corporation there shall be allowed as a deduction : Debts ascertained to be worthless and charged off...only in part, the commissioner may allow such debt to be charged off in part. The foregoing provision changes the previous practice in two particulars... | |
 | James Williams Baker - 1922 - 396 pages
...amount due from customers at the close of the period. The 1921 Revenue Act provides a deduction for "debts ascertained to be worthless and charged off...Commissioner, a reasonable addition to a reserve for bad debts)." Debit the Reserve for Doubtful Accounts Account: ll. For the amount that cannot be collected... | |
 | Emerson Emanuel Rossmoore - 1922 - 592 pages
...and charged off within the taxable year (or, in the discretion of the Commissioner, an» reasonable addition to a reserve for bad debts) ; and when satisfied...only in part, the Commissioner may allow such debt to be charged off in part; (8) A reasonable allowance for the exhaustion, wear and tear 120,123 of... | |
 | United States. Congress. House. Committee on Ways and Means - 1923 - 256 pages
...deduction shall be computed upon the basis of its fair market price or value as of March 1, 1913; (5) Debts ascertained to be worthless and charged off...only in part, the Commissioner may allow such debt to be charged off in part; (6) The amount received as dividends (A) from a domestic corporation other... | |
 | Irving Bank. Columbia Trust Company - 1923 - 148 pages
...deduction shall be computed upon the basis of its fair market price or value as of March 1, 1913; (7) Debts ascertained to be worthless and charged off...the Commissioner, a reasonable addition to a reserve fa bad debts); and when satisfied that a debt is recoverable only in part, the Commissioner may allow... | |
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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... 
