Cuba R. Co. v. Commissioner
United States Tax Court
Income -- Accrual. -- A taxpayer using an accrual method of accounting does not have to accrue an item where it appears at the end of the taxable year that there is real doubt as to the collectibility of the item.
1Opinion of the Court
The Cuba Railroad Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Cuba R. Co. v. Commissioner
Docket No. 9397
United States Tax Court
9 T.C. 211; 1947 U.S. Tax Ct. LEXIS 125;
August 18, 1947, Promulgated
Decision will be entered under Rule 50.
Income -- Accrual. -- A taxpayer using an accrual method of accounting does not have to accrue an item where it appears at the end of the taxable year that there is real doubt as to the collectibility of the item.
Josiah Willard, Esq., Philip H. Weeks, Esq., and Richard S. Greenlee, Esq., for the petitioner.
William A. Schmitt, Esq., for the…
2Cases cited8 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Spring City Foundry Co. v. CommissionerSupreme Court of the United States · 1934
- Continental Tie & Lumber Co. v. United StatesSupreme Court of the United States · 1932
- United States v. Safety Car Heating & Lighting Co.Supreme Court of the United States · 1936
- Estate of Putnam v. CommissionerSupreme Court of the United States · 1945
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