United States Trust Co. v. United States

SWEENEY, Chief Judge.

In this action the plaintiff seeks to recover two items of income tax alleged to have been assessed and collected improperly. One item involves the question whether a bad debt was properly deductible within the year in which it was taken. The other item presents the question whether the United States may deduct from a refund to the taxpayer interest on an additional tax which was determined but not assessed.

Findings of Fact

An agreed statement of facts, with exhibits attached thereto, has been filed by both parties, and the Court adopts that agreed statement of facts as…