Ganahl Lumber Co. v. Commissioner
United States Board of Tax Appeals
METHOD OF ACCOUNTING FOR LOSSES FROM BAD DEBTS. - Where it appears that a change to the reserve method of accounting for bad debts was plainly evident upon the return filed by the petitioner for 1922 and such method, after field investigation, was accepted by the Commissioner, held, the same method should be followed in computing net income for 1923.
1Opinion of the Court
GANAHL LUMBER CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Ganahl Lumber Co. v. Commissioner
Docket No. 24289.
United States Board of Tax Appeals
21 B.T.A. 118; 1930 BTA LEXIS 1922;
October 28, 1930, Promulgated
METHOD OF ACCOUNTING FOR LOSSES FROM BAD DEBTS. - Where it appears that a change to the reserve method of accounting for bad debts was plainly evident upon the return filed by the petitioner for 1922 and such method, after field investigation, was accepted by the Commissioner, held, the same method should be followed in computing net income for 1923.
J. Spencer Wolling,…
2Cases cited1 opinion
- Ganahl Lumber Co. v. CommissionerUnited States Board of Tax Appeals · 1930