United States Board of Tax Appeals October 16, 1925, Docket No. 3442. (Black & Yates, Inc. v. Commissioner)

lead-opinion

This appeal involves a deficiency in the sum of $2,544.55 for the calendar years 1919 and 1920, of which the taxpayer admits $1,055.88. There are three issues involved: (1) Inventories of 1920, (2) traveling expenses of officers disallowed in 1919, and (3) bad debts disallowed for 1920.

FINDINGS OF FACT.

I.