Roth Steel Tube Company v. Commissioner of Internal Revenue

How courts have described this case

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

• requiring objective worthlessness when “the parties are not dealing at arms length and the creditor stands to benefit from the cancellation”
• collectible debt is not worthless if the taxpayer voluntarily cancels it
• insolvency is merely an indicium of uncollectibility

Source: CourtListener parenthetical corpus (CC0).