Bear Manufacturing Company v. United States

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that although a State statute of limitations period expired in an earlier year, COI income was realized by the debtor only after the canceled debt was recorded in the debtor's books
• as a practical matter, income is realized when the liability terminates
• income is realized when the liability terminates as a practical matter

Source: CourtListener parenthetical corpus (CC0).