 | United States - 1920 - 1064 pages
...deductions: (i) All the ordinary and necessary expenses paid or incurred during the taxable year in For the purposes of this section a farmer or grower of tobacco shall not be regarded as a compensation for personal services actually Tendered, and including rentals or other payments required... | |
 | Irving National Bank, New York - 1920 - 150 pages
...taxable income? A. (1) 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 services actually rendered and including rentals or other payments required to be... | |
 | New York (State) - 1921 - 324 pages
...effect May 10, 1920.) § 360. Deductions. In computing net income there shall be allowed as deductions : 1. All the ordinary and necessary expenses- paid or...purposes of the trade or business, of property to whidh the taxpayer has not taken or is not taking title or in which he has no equity. 2. All interest... | |
 | United States. Internal Revenue Service - 1921 - 348 pages
...BUSINESS EXPENSES. SEC. 214. (a) That in computing net income there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or...including rentals or other payments required to be made as a condition to the continued use or possession, (or purposes of the trade or business, of property... | |
 | United States U.S. Congress. Senate. Committee on finance - 1921 - 828 pages
...United States for the purpose of thù title. SUGGESTED AMENDMENTS TO TITLE II. — INCOME TAX. SEC. 234. (1) All the ordinary and necessary expenses paid or...including rentals or other payments required to be made as a condition to the con tinned lise or possession of property to which the corporation lias... | |
 | Rex Frye - 1921 - 350 pages
...profits on the manufacture and disposition of goods within the United States. i DEDUCTIONS ALLOWED. (1) All the ordinary and necessary expenses paid or...including rentals or other payments required to be made as a condition to the continued use or possession of property to which the corporation has not... | |
 | Louisiana (State). Assessment and Taxation Commission - 1921 - 294 pages
...be allowed as deductions: (a) All the ordinary and necessary expenses paid during the income year in carrying on any trade or business, including a reasonable...condition to the continued use or possession, for the purposes of the trade or business, of property to which the taxpayer has not taken or is not taking... | |
 | Alzada Comstock - 1921 - 258 pages
...allowed as deductions : (a) All the ordinary and necessary expenses paid during the income year in carrying on any trade or business, including a reasonable...condition to the continued use or possession, for the purposes of the trade or business, of property to which the taxpayer has not taken or is not taking... | |
 | National Tax Association - 1921 - 76 pages
...allowed as deductions : (a) All the ordinary and necessary expenses paid during the income year in carrying on any trade or business, including a reasonable...condition to the continued use or possession, for the purposes of the trade or business, of property to which the taxpayer has not taken or is not taking... | |
 | United States. Congress. Senate. Committee on Finance - 1921 - 836 pages
...United Stnlts for the purpose of this title. SUGGESTED AMENDMENTS TO TITLE II. — INCOME TAX. SEC. 234. (1) All the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered, am] including rentals or other payments required... | |
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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... 
