Adelson v. United States

OPINION

BRUGGINK, Judge.

At issue in this action is whether taxpayer may deduct certain bad debts pursuant to § 166 of the Internal Revenue Code, 26 U.S.C. § 166. This matter has generated five previously reported decisions. For convenience they will be referred to as follows:

Adelson v. United States, (Adelson I) 1 Cl.Ct. 61, 553 F.Supp. 1082 (1982)

Adelson v. United States, (Adelson II) 2 Cl.Ct. 591 (1983)

Adelson v. United States, (Adelson III) 737 F.2d 1569 (Fed.Cir.1984)

Adelson v. United States, (Adelson IV) 6 Cl.Ct. 102 (1984)

Adelson v. United States, (Adelson V) 782 F.2d 1010 (Fed.Cir.1986)

I…