 | 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...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) The amount received as dividends... | |
 | United States - 1921 - 642 pages
...value as of March 1, 1913; | (5) Debts ascertained to be worthless and charged off within the < *<e taxable year (or in the discretion of the Commissioner,...Commissioner may allow such debt to be charged off in part; (6) The amount received as dividends (A) from a domestic corporation other than a corporation entitled... | |
 | 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...Commissioner may allow such debt to be charged off in part ; (6) The amount received as dividends (A) from a domestic corporation other than a corporation entitled... | |
 | 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...Commissioner may allow such debt to be charged off in part; (8) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,... | |
 | 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...commissioner may allow such debt to be charged off in part. The foregoing provision changes the previous practice in two particulars — first, by recognizing... | |
 | 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...Commissioner may allow such debt to be charged off in part; (8) A reasonable allowance for the exhaustion, wear and tear 120,123 of property used in the trade... | |
 | 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...Commissioner may allow such debt to be charged off in part; (6) The amount received as dividends (A) from a domestic corporation other than a corporation entitled... | |
 | Irving Bank. Columbia Trust Company - 1923 - 148 pages
...the taxable year (or, in the discretion of the Commissioner, a reasonable addition to a reserve fa bad debts); and when satisfied that a debt is recoverable...the Commissioner may allow such debt to be charged oft in part; (8) A reasonable allowance for the exhaustion, wear and tear of property used in the trade... | |
 | Eric Louis Kohler - 1924 - 514 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...Commissioner may allow such debt to be charged off in part; (6) The amount received as dividends (A) from a domestic corporation other than a corporation entitled... | |
 | United States. Internal Revenue Service - 1924 - 396 pages
...in section 204 for determining the gain or loss from the sale or other disposition of property ; (5) Debts ascertained to be worthless and charged off...Commissioner may allow such debt to be charged off in part ; (6) The amount received as dividends (A) from a domestic corporation other than a corporation entitled... | |
| |
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... 
