Case: Appeal of FIRST NATIONAL BANK, JEROME, IDAHO
Abbreviation: Appeal of First National Bank, Jerome
Decision Date: 1926-04-03
Docket Number: Docket No. 3726
Citation: 3 B.T.A. 1165
Volume: 3
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Appeal of FIRST NATIONAL BANK, JEROME, IDAHO.
Judges: Before Graupner, TiiáMmele, and Phillips.
Pages: 1165–1165

Head Matter:
Appeal of FIRST NATIONAL BANK, JEROME, IDAHO.
Docket No. 3726.
Submitted February 12, 1926.
Decided April 3, 1926,
W. Frank Gibbs, Esq., for the Commissioner.
Before Graupner, TiiáMmele, and Phillips.

Opinion:
FINDINGS OF FACT.
The taxpayer is a banking corporation, organized under the banking laws of the United States, with its principal place of business at Jerome, Idaho.
In the year 1920 it charged off upon its books of account items aggregating $6,495.83 as losses on bad loans.
This amount was not claimed as a deduction upon the taxpayer's original return, but was claimed on a supplemental return and disallowed by the Commissioner.
The deficiency is $143.58 for the year 1919 and $313.37 for the year 1910. Order will be entered accordingly.