 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...  Reports of the U.S. Board of Tax Appeals - Page 252by United States. Board of Tax Appeals - 1931Full view - About this book
 | 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 - 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...for personal services actually rendered, * * *." The reasonableness of the compensation does not have to be considered, because the parties have agreed... | |
 | George Edwin Holmes - 1919 - 1048 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...including a reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments required... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...allowable in computing net income : ordinary and necessary expenses. SEC. 360. Deductions. In computing net income there shall be allowed as deductions: 1. All...including a reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments required... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...234.(a) 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, and including rentals or other payments required... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...state subject to taxation under this article. ยง 360. Deductions. In computing net income there snail be allowed as deductions : 1. All the ordinary and...including a reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments required... | |
 | 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,... | |
 | National City Company, United States - 1919 - 104 pages
...Compensation mililitary or naval forces. Nonresident aliens gross income. 61. SEC. 214. (a) as deductions: 62. (1) All the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments required... | |
 | 1919 - 500 pages
...allows 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 or other compensation for personal services actually rendered, and including rentals or other payments required... | |
 | Prentice-Hall Inc, Prentice-Hall, inc - 1919 - 430 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 or other compensation for personal services actually rendered, and including rentals or other payments required... | |
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