Case Name: TILLER-GLENN COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1926-09-25
Citations: 4 B.T.A. 1051
Docket Number: Docket No. 6973
Parties: TILLER-GLENN COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 4
Pages: 1051–1052

Head Matter:
TILLER-GLENN COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
Docket No. 6973.
Decided September 25, 1926.
George T. Adams, Esq., for the petitioner.
J. Arthur Adams, Esq., for the respondent.

Opinion:
OPINION.
Smith:
In this proceeding the petitioner claims the right to deduct from gross income $667.25 for bad debts which it claims were worthless on December 31, 1919. They have never been charged off the petitioner's books of account. The taxing statute permits the petitioner to deduct from gross income " debts ascertained to be worthless and charged off within the taxable year." Section 234 (a) (5). The evidence shows that the petitioner made no ascertainment of the worthlessness of the eleven accounts receivable, totaling $667.25, during the year 1919, and that it did not charge them off its books of account during that year.
Judgment for the Commissioner.