 | United States. Court of Claims - 1932 - 800 pages
...when used in this title — ***** * * " The term ' personal-service corporation ' means a corporation whose income is to be ascribed primarily to the activities...but does not include any foreign corporation nor any Opinion of the Court corporation 50 per centum or more of whose gross income consists either (l) of... | |
 | United States. Court of Claims - 1925 - 828 pages
...of personal services does not have the effect of changing the status of the corporation from one " whose income is to be ascribed primarily to the activities...active conduct of the affairs of the corporation," se<-. 200, revenue act of 1918, nor does the said section require that all of the principal stockholders... | |
 | United States. Court of Claims - 1934 - 914 pages
...plaintiff's income was ascribable primarily to the activities of its principal stockholders who were themselves regularly engaged in the active conduct of the affairs of the corporation, and capital, whether invested or borrowed, was not a material income-producing factor. During 1919 capital... | |
 | United States. Court of Claims - 1927 - 902 pages
...personal-service feature is due primarily to the activities of the principal owners or stockholders regularly engaged in the active conduct of the affairs of the corporation and not to invested capital to any material extent. That this is obvious and indispensable appears from... | |
 | 1928 - 1130 pages
...200. That when used in this title * * * The term 'personal service corporation' means a corporation whose income is to be ascribed primarily to the activities...borrowed) is not a material income-producing factor." Сотр. St. § 6336'ea, "See. 205. (a) That if a taxpayer makes return for a fiscal year -beginning... | |
 | 1926 - 1144 pages
...requirements of a personal service corporation are as follows, to wit: (1) The income of the corporation must be ascribed primarily to the activities of the principal owners or stockholders. (2) Such principal owners or stockholders must themselves be regularly engaged in the active conduct... | |
 | 1925 - 822 pages
...than five stockholders, that its capital stock is not a material income-producing factor, but that its income is to be ascribed primarily to the activities of the principal stockholders who are themselves regularly engaged in the active conduct of the affairs of the corporation... | |
 | Robert Hiester Montgomery - 1920 - 1304 pages
...(a) which consist* principally of rendering personal service, (ft) the earnings of which are to bo ascribed primarily to the activities of the principal owners or stockholders (who are referred to in this return aa "mtmbcrt"), and (c) in which the employment of capital is not necessary... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 660 pages
...provides as follows [reading] : SEC. 303. That in the case of a corporation the earnings of which are to be ascribed primarily to the activities of the...engaged in the active conduct of the affairs of the wrporatlon, and in which capital (whether invested, borrowed, rented, or otherwise secured) is not... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 664 pages
...provides ns follows | reading | : SET. 1913. That in the cusc of a corporation the earnings of which are to be ascribed primarily to the activities of the...engaged In the active conduct of the affairs of the cor[M>nitl<>n. and In which capital I whet her invested, borrowed, rented, or otherwise secured) is... | |
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personal service corporation " means a corporation whose income is to be ascribed primarily to the activities of the principal owners or stockholders who are themselves regularly engaged in the active conduct of the affairs of the corporation and in which... 
