Legal Opinion
Olympia Harbor Lumber Co. v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided August 12, 1935No. 7682PublishedCited by 24 opinions
1Opinion of the Court
WILBUR, Circuit Judge.
This is a petition to review a decision of the Board of Tax Appeals affirming a decision of the Commissioner fixing a deficiency in the federal income tax of petitioner for the calendar year 1929. During that year the petitioner claimed a deduction of $33,594.65 on account of a debt of $84,722 due to petitioner by the Tum-water Lumber & Mill Company (hereinafter called Tumwater Company). Petitioner claimed that it had ascertained such indebtedness to be worthless to the extent of $33,594.65. The Board of Tax Appeals sustained the conclusion of the Commissioner holding…
2Cases cited5 opinions
- Spring City Foundry Co. v. CommissionerSupreme Court of the United States · 1934
- Commissioner of Internal Revenue v. Liberty Bank & Trust Co.Court of Appeals for the Sixth Circuit · 1932
- Stranahan v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1930
- Sherman & Bryan, Inc. v. BlairCourt of Appeals for the Second Circuit · 1929
- Ross v. COMMISSIONER OF INTERNAL REVENUECourt of Appeals for the Seventh Circuit · 1934
3Cited by24 opinions
- Bullock v. CommissionerUnited States Tax Court · 1956
- Portland Mfg. Co. v. CommissionerUnited States Tax Court · 1971
- Wilson Bros. & Co. v. CommissionerCourt of Appeals for the Ninth Circuit · 1941
- Elton Brimberry and Estate of Norma Louise Brimberry, Deceased, Elton Brimberry, Independent v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1979
- H. D. Lee Mercantile Co. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1935
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