Hudson v. Commissioner
United States Tax Court
Losses sustained on certain advances by a stockholder to his corporation held not deductible as a business bad debt under section 23 (k) (1), I. R. C. 1939.
1Opinion of the Court
Phil L. Hudson and Gertrude Hudson, Petitioners, v. Commissioner of Internal Revenue, Respondent
Hudson v. Commissioner
Docket No. 61391
United States Tax Court
1958 U.S. Tax Ct. LEXIS 9; 31 T.C. 574;
December 23, 1958, Filed
Decision will be entered for the respondent.
Losses sustained on certain advances by a stockholder to his corporation held not deductible as a business bad debt under section 23 (k) (1), I. R. C. 1939.
Ivan Irwin, Esq., and Wentworth T. Durant, Esq., for the petitioners.
S. B. Bradley, Esq., for the respondent.
Raum, Judge.
RAUM
Respondent determined a deficiency of $ 14,477.22 in…
2Cases cited1 opinion
- Hudson v. CommissionerUnited States Tax Court · 1958