Heinemann & Co. v. Commissioner
United States Board of Tax Appeals
The foreclosure sale of real property held under the facts to fix the time of ascertainment by a mortgage bondholder of a bad debt where the debt is ascertained to be otherwise uncollectible, even though, under the applicable law of Illinois, the mortgagor's right to redeem did not expire until the following year. J. C. Hawkins,34 B.T.A. 918, distinguished.
1Opinion of the Court
WILLIAM C. HEINEMANN & CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Heinemann & Co. v. Commissioner
Docket No. 91190.
United States Board of Tax Appeals
40 B.T.A. 1090; 1939 BTA LEXIS 754;
December 8, 1939, Promulgated
The foreclosure sale of real property held under the facts to fix the time of ascertainment by a mortgage bondholder of a bad debt where the debt is ascertained to be otherwise uncollectible, even though, under the applicable law of Illinois, the mortgagor's right to redeem did not expire until the following year. J. C. Hawkins,34 B.T.A. 918, distinguished.
Herman…
2Cases cited10 opinions
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Helvering v. Midland Mutual Life InsuranceSupreme Court of the United States · 1937
- John Hancock Mut. Life Ins. Co. v. CommissionerUnited States Board of Tax Appeals · 1928
- Strause v. DutchIllinois Supreme Court · 1911
- Hawkins v. CommissionerUnited States Board of Tax Appeals · 1936
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