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.
CLICK HERE to return to the home page Internal Revenue Code Section 166(d) Bad debts (a) General rule. (1) Wholly worthless debts. There shall be allowed as a deduction any debt which becomes worthless within the taxable year.(2) Partially worthless debts.or purposes of subsection (a), the basis for determining the amount of the deduction for any bad debt shall be the adjusted basis provided in section 1011 for determining the loss from the sale or other disposition of property.