T.C. Memo. 2001-220 UNITED STATES TAX COURT BRAZORIA COUNTY STEWART FOOD MARKETS, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 1037-99. Filed August 14, 2001. George W. Connelly, Jr., and William O. Grimsinger, for petitioner. Richard T. Cummings, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION GERBER, Judge: Respondent determined deficiencies in petitioner’s Federal income tax for its fiscal tax years ended September 30, 1991, 1992, and 1994, of $216,552, $225,336, and $8,190, respectively. The sole issue for our consideration is whether bad-debt deductions taken in 1994 are allowable underPage: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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