Van Dyke v. Commissioner
United States Board of Tax Appeals
1. Claimed deductions for bad debts disallowed. 2. Loss sustained by petitioner, as a result of the failure of a corporation of which he was president and a stockholder, held not to constitute a "net loss."
1Opinion of the Court
*948OPINION.
Matthews:
The petition in Docket No. 18870 seeks a redetermination of deficiencies for several years including the year 1922. However, there is no assignment of error for that year and the respondent has not determined a deficiency for that year. This proceeding, therefore, in so far as the year 1922 is concerned, is hereby dismissed.
The petitioners are claiming the right to deduct certain amounts as bad debts for the years 1920 and 1921. As shown in our findings of fact, the claimed deductions for 1920, the debts of Thos. Burns, Wm. Nash, Wm. Stephens and W. P. Taylor, were not…
2Cited by9 opinions
- John M. Trent and Lisa M. Trent v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1961
- Commissioner of Internal Revenue v. SmithCourt of Appeals for the Second Circuit · 1953
- Hurt v. CommissionerUnited States Board of Tax Appeals · 1934
- Pryibil v. CommissionerUnited States Board of Tax Appeals · 1934
- Cappon v. CommissionerUnited States Board of Tax Appeals · 1933
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