Kinder Surprise eggs, an Italian brand of egg-shaped chocolate candies containing a toy surprise inside, have been banned in the States since long before they were first manufactured in the early '70s. That's because the US has had a ban on candies with embedded toys since 1938.
(A) As used in this section, bad debt means any debt that has become worthless or uncollectible in the time period between a vendor's preceding return and the present return, has been uncollected for at least six months, and that may be claimed as a deduction pursuant to the Internal Revenue Code of 1954, 68A Stat.A) As used in this section, bad debt means any debt that has become worthless or uncollectible in the time period between a vendor's preceding return and the present return, has been uncollected for at least six months, and that may be claimed as a deduction pursuant to the Internal Revenue Code of 1954, 68A Stat.
(1) the taxpayer before October 22, 1965, claimed a deduction, for a taxable year ending before such date, under section 166(c). of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] for. an addition to a reserve for bad debts on account of debt.obligations described in section 166(g)(1)(A) of such Code (as.c). Pub. L. 99-514, Sec. 805(a), struck out. subsec. (c), reserve for bad debts, which read as follows: In lieu. of any deduction under subsection (a), there shall be allowed (in. the discretion of the Secretary) a deduction for a reasonable. addition to a reserve for bad debts.. Subsec. (f).