 | United States. Court of Claims - 1929 - 762 pages
...214 (a) of the revenue acts of 1918 and 1921 provides in part as follows : " That in computing net income there shall be allowed as deductions : " 1....including a reasonable allowance for salaries or other compensation for personal services actually rendered." Article 105 of Treasury Regulations #45 and... | |
 | United States. Court of Claims - 1929 - 868 pages
...254, " That in computing the net income of a corporation subject to the tax imposed by section 230 there shall be allowed as deductions : "(1) All the...including a reasonable allowance for salaries or other compensation for personal services actually rendered * * *." Opinion of the Court The same provision... | |
 | United States. Court of Claims, Audrey Bernhardt - 1955 - 936 pages
...as a deduction, "All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable...compensation for personal services actually rendered," and concluded that, "In the circumstances the deductions claimed for compensation of officers and certain... | |
 | United States. Court of Claims - 1936 - 940 pages
...deduction for " all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered, * * *." The reasonableness of the compensation... | |
 | Harris, Forbes & co., New York - 1919 - 164 pages
...disposition of goods within the United States. Deductions Allowed. Sec. 214. (a) That in computing net income there shall be allowed as deductions: (1) All...in carrying on any trade or business, including a reason, able allowance for salaries or other compensation for personal services [actually rendered,... | |
 | Ewell D. Moore - 1919 - 44 pages
...INCOME. (Sec. 214). 1. All ordinary and necessary expenses paid or incurred during the taxable year in any trade or business, including a reasonable allowance...rendered, and including rentals or other payments necessary to the continued use or possession for the business or trade of property to which the taxpayer... | |
 | George Edwin Holmes - 1919 - 1052 pages
...234. (a) That in computing the net income of a corporation subject to the tax imposed by section 2'!0 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, ineluding a reasonable allowance... | |
 | Alabama - 1919 - 1476 pages
...as deductions: (1) All ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries and other compensation for personal services actually rendered, and including rentals or other payments... | |
 | United States - 1920 - 1054 pages
...the text, see 1918 Supp. Fed, Btat. Ann. 14. SEC. 214. Deductions allowed, (a) That in computing net income there shall be allowed as deductions: (1) All...trade or business, including a reasonable allowance for salarie? or other compensation for personal services actually rendered, and including rentals or... | |
 | George Edwin Holmes - 1920 - 1186 pages
...disposition of goods within the United States. DEDUCTIONS ALLOWED Sec. 214. (a) That in computing net income there shall be allowed as deductions : * (1)...carrying on any trade or business, including a reasonable allowancp for salaries or other compensation for personal services actually rendered, and including... | |
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All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered... 
