Green v. Commissioner
United States Tax Court
During 1971, petitioner made 22 trips to a debtor corporation's place of business to attempt to collect a business debt; petitioner also engaged a collection agency and had lawsuits filed during 1971 in his unsuccessful efforts to collect the debt. At the end of 1971, after consulting his attorney about the progress of the lawsuits, petitioner concluded that the debt was worthless and deducted it on his 1971 income tax return.
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During 1971, petitioner made 22 trips to a debtor corporation's place of business to attempt to collect a business debt; petitioner also engaged a collection agency and had lawsuits filed during 1971 in his unsuccessful efforts to collect the debt. At the end of 1971, after consulting his attorney about the progress of the lawsuits, petitioner concluded that the debt was worthless and deducted it on his 1971 income tax return. In February of 1972, however, petitioner's attorney filed an amended complaint in one of the lawsuits against an officer of the debtor, attempting to hold him…
1Opinion of the Court
BRUCE V. GREEN and GENEVIEVE C. GREEN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Green v. Commissioner
Docket No. 3120-74.
United States Tax Court
T.C. Memo 1976-127; 1976 Tax Ct. Memo LEXIS 277; 35 T.C.M. (CCH) 569; T.C.M. (RIA) 760127;
April 22, 1976, Filed
During 1971, petitioner made 22 trips to a debtor corporation's place of business to attempt to collect a business debt; petitioner also engaged a collection agency and had lawsuits filed during 1971 in his unsuccessful efforts to collect the debt. At the end of 1971, after consulting his attorney about the progress of the…
2Cases cited11 opinions
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Boehm v. CommissionerSupreme Court of the United States · 1945
- Dallmeyer v. CommissionerUnited States Tax Court · 1950
- New York Water Service Corp. v. CommissionerUnited States Tax Court · 1949
- Minneapolis, St. Paul & Sault Ste. Marie Railroad v. United StatesUnited States Court of Claims · 1964
6 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Sollitt Construction Co. v. United StatesUnited States Court of Claims · 1983