Legal Opinion
S. W. Coe & Co. v. V. Y. Dallman, Collector of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided November 10, 1954No. 11104PublishedCited by 29 opinions
1Opinion of the Court
DUFFY, Chief Judge.
This suit was brought for a refund of federal income and excess profits taxes for the fiscal year ending March 31, 1944. The issue before us concerns additions made by the taxpayer to its reserve for bad debts, which amounts it deducted in computing its net income.
Prior to August 8, 1941, taxpayer used the charge off method for bad debts, but on that date, it was granted permission by the Commissioner of Internal Revenue to change to the reserve method of handling bad debts for tax purposes. On its tax returns the taxpayer deducted as a reserve for bad debts in certain…
2Cases cited7 opinions
- Black Motor Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1942
- Black Motor Co. v. CommissionerUnited States Board of Tax Appeals · 1940
- Southeastern Finance Co. v. CommissionerUnited States Tax Court · 1945
- Maverick-Clarke Litho Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1950
- Apex Brewing Co. v. CommissionerUnited States Board of Tax Appeals · 1939
2 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- R. H. Macy & Co. v. Director, Division of TaxationNew Jersey Superior Court Appellate Division · 1962
- Roanoke Vending Exchange, Inc. v. CommissionerUnited States Tax Court · 1963
- Thor Power Tool Company v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1977
- American State Bank, a Wisconsin Banking Corporation v. United States of America, (Two Cases)Court of Appeals for the Seventh Circuit · 1960
- Beneficial Corporation and Subsidiaries v. The United StatesCourt of Appeals for the Federal Circuit · 1987
24 more not listed; retrieve them via the Exa API.