YEWDALL v. COMMISSIONER

Docket Nos. 40031, 40032.

13 T.C.M. 248 (1954)

Clifford Yewdall v. Commissioner. Clifford Yewdall and Grace Yewdall v. Commissioner.

United States Tax Court.

Entered March 26, 1954.


Attorney(s) appearing for the Case

C. F. Rothenburg, Esq., and James P. Jones, Esq., for the petitioners. S. Jarvin Levison, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The Commissioner determined deficiencies in income tax of $3,610.52, $1,753.44, and $3,636.78 for the years 1946, 1947, and 1948. The petitioners allege that the Commissioner erred:

(1) In allowing $8,874.85 due from Vic Verity Publications, Inc., as a non-business bad debt for 1946, instead of allowing it in full as a business bad debt, and in failing to allow an additional bad debt deduction not claimed on the return...

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