business bad debt
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 405 U.S. 93 - United States v. Generes · 1972Most cited · 602 citing opinions
in determining whether a bad debt has a 'proximate' relation to the taxpayer's trade or business, as the Regulations specify, and thus qualifies as a business bad debt, the proper measure is that of dominant motivation, and that only significant motivation is not sufficient.