1. Home
  2. Browse Decisions
  3. T.C.
  4. 48 T.C.
  5. 48 T.C. 767 (1967)
 

INVESTORS DISCOUNT CORP. v. COMMISSIONER

Docket No. 3689-65.

48 T.C. 767 (1967)

INVESTORS DISCOUNT CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed August 29, 1967.

Attorney(s) appearing for the Case

H. Thompson Nicholas, Jr., for the petitioner.

W. Dean Short and Meno W. Piliaris, for the respondent.

TANNENWALD, Judge:

Respondent determined deficiencies in petitioner's Federal income tax for the taxable years 1962 and 1963 in the amounts of $1,257.87 and $7,272.94, respectively. The sole issue for our determination is whether petitioner made reasonable additions to its reserve for bad debts in 1961, 1962, and 1963 within the meaning of section 166(c).1

FINDINGS OF FACT

Some of the facts have been stipulated...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases