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MERCHANTS INDUSTRIAL BANK v. COMMISSIONER

Docket No. 5681-69.

31 T.C.M. 52 (1972)

T.C. Memo. 1972-18

Merchants Industrial Bank, a corporation organized and existing under the laws of the State of Colorado v. Commissioner.

United States Tax Court.

Filed January 25, 1972.

Attorney(s) appearing for the Case

Richard R. Helmick, for the petitioner. Charles H. Powers, for the respondent.

Memorandum Findings of Fact and Opinion

FAY, Judge:

Respondent determined deficiencies in petitioner's income taxes as follows:

  1965 ..................   $  361.59
  1966 ..................      279.98
  1967 ..................    3,968.96

The sole issue to be decided is whether respondent properly disallowed portions of petitioner's additions to a reserve for bad debts for each of the years in question.

Findings of Fact...

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