Weitzner v. Commissioner
United States Board of Tax Appeals
Commissioner sustained in the disallowance of claimed bad debt deduction on account of money spent by petitioner for the care of his father in a sanitarium.
1Opinion of the Court
*725OPINION.
Arundell:
It is elementary that one of the essential prerequisites to a bad debt deduction is that the debt must have an existence in fact. Luke & Fleming, Inc., 1 B. T. A. 12. There are many different transactions out of which the relation of debtor and creditor may arise and so there are many definitions of the word “ debt.” It is a word that is not susceptible of definition so as to fit every situation and as far as we know there has been no comprehensive judicial determination of the meaning of the word. However, in all of the definitions that are given there is the underlying…
2Cited by7 opinions
- Dourif v. CommissionerUnited States Tax Court · 1943
- Eppley v. CommissionerUnited States Board of Tax Appeals · 1932
- Gilman v. CommissionerUnited States Board of Tax Appeals · 1930
- Jerry T. Beech Concrete Contractor, Inc. v. Larry Powell Builders, Inc.Court of Appeals of Tennessee · 2003
- Rodgers v. CommissionerUnited States Tax Court · 1985
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