 | United States. Internal Revenue Service - 1924 - 396 pages
...amounts received as compensation for personal services actually rendered. In the case of a taxpayer engaged in a trade or business in which both personal...and capital are material income-producing factors, a reasonable allowance in compensation for the personal services actually rendered by the taxpayer... | |
 | United States. Congress. House. Committee on Ways and Means - 1925 - 1154 pages
...taxpayer's capital or property shall be required, but the commissioner shall require each taxpayer engaged in a trade or business in which both personal...capital are material income-producing factors, and who claims a credit for earned income, to make an affidavit or affirmation stating that the taxpayer's... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...of a corporation whose salary is $20,000, may treat only $10,000 as earned income. Where a taxpayer is engaged in a trade or business in which both personal...and capital are material income-producing factors (for example, a merchant), a reasonable allowance as compensation for the services he actually performs,... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...recommendation is made. Section 209 (a) (1) is quoted in part as follows: In the case of a taxpayer engaged in a trade or business in which both personal...and capital are material income-producing factors, a reasonable allowance for the personal services actually rendered by the taxpayer, not in excess of... | |
 | United States. Board of Tax Appeals - 1928 - 1582 pages
...case at bar is somewhat obscure. The fair inference to be drawn from them is that where partners are engaged in a trade or business in which both personal...and capital are material income-producing factors, the 20 per cent limitation on the share of the profits which may be considered earned income provided... | |
 | United States. Internal Revenue Service - 1931 - 502 pages
...amounts received as compensation for personal services actually rendered. In the case of a taxpayer engaged in a trade or business in which both personal...and capital are material income-producing factors, a reasonable allowance as compensation for the personal services actually rendered by the taxpayer... | |
 | 1933 - 174 pages
...profits rather than a reasonable allowance for the personal services actually rendered. If the taxpayer is engaged in a trade or business in which both personal...and capital are material income-producing factors, he may consider as earned income a reasonable allowance for the personal services actually rendered... | |
 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...may be treated as earned income in the separate return of the other spouse. In the case of a taxpayer engaged in a trade or business in which both personal...and capital are material income-producing factors, a reasonable allowance as compensation for the personal services actually rendered by the taxpayer... | |
 | United States. Internal Revenue Service - 1936 - 604 pages
...may be treated as earned income in the separate return of the other spouse. In the case of a taxpayer engaged in a trade or business in which both personal...and capital are material income-producing factors, a reasonable allowance as compensation for the personal services actually rendered by the taxpayer... | |
 | 1941 - 1688 pages
...may be treated as earned income in the separate return of the other spouse. In the case of a taxpayer engaged in a trade or business In which both personal...and capital are material incomeproducing factors, a reasonable allowance as compensation for the personal services actually rendered by the taxpayer... | |
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In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors... 
