T.C. Memo. 2006-195
UNITED STATES TAX COURT
ABC BEVERAGE CORP., f.k.a. BEVERAGE AMERICA, INC.,
Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 14868-02. Filed September 11, 2006.
Ronald G. Dewaard and Kaplin S. Jones, for petitioner.
Lawrence C. Letkewicz and David Flassing, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
KROUPA, Judge: Respondent determined a $5,169,946
deficiency in petitioner’s Federal income tax for 1995 by denying
petitioner a $10 million partial bad debt deduction under section
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