H. Wolff Book Mfg. Co., Inc. v. Commissioner
United States Tax Court
Petitioner in 1942 sought as a deduction $26,818.53 for an addition to its reserve for bad debts. The Commissioner disallowed the claimed deduction and, in the alternative, any portion thereof, stating that reasonable provisions had been made in prior years for losses on account of bad debts in the taxable year. Held, on the facts, petitioner is not entitled to the deduction of $26,818.53, or any part thereof, as an addition to its bad debt reserve in 1942.
1Opinion of the Court
H. Wolff Book Manufacturing Co., Inc. v. Commissioner.
H. Wolff Book Mfg. Co., Inc. v. Commissioner
Docket No. 20018.
United States Tax Court
1950 Tax Ct. Memo LEXIS 50; 9 T.C.M. (CCH) 1012; T.C.M. (RIA) 50269;
November 8, 1950
Petitioner in 1942 sought as a deduction $26,818.53 for an addition to its reserve for bad debts. The Commissioner disallowed the claimed deduction and, in the alternative, any portion thereof, stating that reasonable provisions had been made in prior years for losses on account of bad debts in the taxable year. Held, on the facts, petitioner is not entitled to the deduction…
2Cases cited4 opinions
- Black Motor Co. v. CommissionerUnited States Board of Tax Appeals · 1940
- C. P. Ford & Co. v. CommissionerUnited States Board of Tax Appeals · 1933
- New York Water Service Corp. v. CommissionerUnited States Tax Court · 1949
- Walter H. Goodrich & Co. v. CommissionerUnited States Board of Tax Appeals · 1939