 That in computing net income 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, including a reasonable allowance for salaries or other compensation...  Income Tax Procedure ... - Page 399by Robert Hiester Montgomery - 1919Full view - About this book
 | United States. Court of Claims - 1929 - 762 pages
...(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. All the...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, 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... | |
 | 1925 - 1112 pages
...policy provided that, upon the the year in the maintenance and operation of its business and properties, including rentals or other payments required to be...condition to the continued use or possession of property; (second) all losses actually sustained within the year and not compensated by insurance or otherwise,... | |
 | 1914 - 990 pages
...necessary expenses paid within the year in the maintenance and operation of its business and properties, including rentals or other payments required to be...condition to the continued use or possession of property." Under this provision and if it were not otherwise limited, all interest on -every kind of 'indebtedness... | |
 | United States. Congress. House. Committee on Ways and Means - 1913 - 832 pages
...paid within the year put of income in the maintenance and operation of its business and properties, including rentals or other payments required to be...condition to the continued use or possession of property; (second) all losses actually sustained within the year and not compensated by insurance or otherwise,... | |
 | Albert Henry Walker - 1913 - 126 pages
...necessary expenses, paid in the maintenance and operation of the corporate properties and business, including rentals or other payments required to be...condition to the continued use or possession of property. SECOND: All losses, actually sustained, and not compensated by insurance or otherwise, including a... | |
 | United States - 1913 - 660 pages
...of earnings in the maintenance and operation of its business and property within the United States, including rentals or other payments required to be...condition to the continued use or possession of property; (second) all losses actually sustained within the year in business conducted by it within the United... | |
 | Old Colony Trust Company (Boston, Mass.) - 1913 - 64 pages
...necessary expenses paid Expenses within the year in the maintenance and operation of business and property, including rentals or other payments required to be...condition to the continued use or possession of property. Second. — All losses actually sustained within the Losses and year and not compensated for by insurance... | |
 | Downing, R. F., & co - 1913 - 686 pages
...of earnings in the maintenance and operation of Its business and property within the United States, Including rentals or other payments required to be...condition to the continued use or possession of property; (second) all losses actually sustained within the year in business conducted by it within the United... | |
 | United States - 1913 - 454 pages
...of earnings in the maintenance and operation of its business and property within the United States, including rentals or other payments required to be...condition to the continued use or possession of property; (second) all losses actually sustained within the year in business conducted by it within the United... | |
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