 | United States. Internal Revenue Service - Corporations - 1951 - 530 pages
...worthless within the taxable year and are capital assets, the loss resulting therefrom shall, in the case of a taxpayer other than a bank, as denned in section 104, be considered as a loss from the sale or exchange, on the last day of ouch taxable year, of capital... | |
 | United States. Congress. Senate. Committee on Finance - United States - 1939 - 780 pages
...not in excess of the part charged off within the taxable year, as a deduction. This paragraph shall not apply in the case of a taxpayer, other than a bank, as defined in section 104, with respect to a debt evidenced by a security as defined in paragraph (3)... | |
 | Administrative law - 1940 - 1806 pages
...not In excess of the part charged off within the taxable year, as a deduction. This paragraph shall r will decide whether the case is within the exception provided by the Act, and the taxpayer will b debt evidenced by a security as denned in paragraph (3) of this subsection. (2) Securities becoming... | |
 | Administrative law - 1941 - 1688 pages
...charged off within the taxable year and are capital assets, the loss resulting therefrom shall, In the case of a taxpayer other than a bank, as denned In section 104, for the purposes of this chapter, be considered as a loss from the sale or exchange, on the last day... | |
 | United States - Law - 1953 - 1744 pages
...exchanges of stocks and securities ; and (C) the taxpayer is a domestic corporation. (6) Exception. This subsection shall not apply in the case of a taxpayer, other than a bank, as defined in section 104, with respect to debts owed by (A) any political party, (B) any national, state,... | |
 | United States, Walter Elbert Barton - Gifts - 1944 - 1286 pages
...part charged off which becomes worthless within the taxable year, as a deduction. This paragraph shall not apply in the case of a taxpayer, other than a bank, as defined in section 104, with respect to a debt evidenced by a security as defined in paragraph (3)... | |
 | Administrative law - 1976 - 460 pages
...whether or not legally enforceable. §1.271-1 Debts owed by political parties. (a) General rule. ln the case of a taxpayer other than a bank (as denned in section 581 and the regulations thereunder), no deduction shall be allowed under section 166 (relating to bad... | |
 | Administrative law - 1959 - 1584 pages
...political parties, etc. SEC. 271. Debts owed by political parties, etc. — (a) General rule. In the case of a taxpayer (other than a bank as denned In section 581) no deduction shall be allowed under section 166 (relating to bad debts) or under section 165 (g)... | |
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Commissioner) a reasonable addition to a reserve for bad debts; and when satisfied that a debt is recoverable only in part, the Commissioner may allow such debt, in an amount not in excess of the part charged off within the taxable year, as a deduction. 
