Watson v. Fahs

WYCHE, District Judge,

(sitting by designation)

This is a suit for refund of income taxes assessed and collected as a deficiency for the year 1946, plus interest thereon, in the total amount of $3,108.66, and statutory interest on that total from the date of payment, November 15, 1950. Plaintiff in her income tax return for 1946, claimed a deduction in the sum of $5,115, as a non-business debt which she alleges became worthless during that year. The Commissioner of Internal Revenue disallowed the deduction on the ground that the debt became worthless prior to 1946, and, therefore, was not…