Cease-and-Desist Order Not Sufficient Evidence for Bad Debt Deduction
In Sensenig v. Commissioner,T.C. Memo. 2017-1, the court considers whether an investment fund is entitled to a bad debt deduction for cash-hungry start-up companies the fund had invested in when securities regulators barred the investment fund from raising money needed to sustain the start-up companies. The court considers whether the receipt of a cease-and-desist order […] The post Cease-and-Desist Order Not Sufficient Evidence for Bad Debt Deduction appeared first on Houston Tax Attorney.
Source: Houston Tax Attorney