 | National City Company - 1921 - 104 pages
...are permitted to individuals, when they actually have any of them, or some or all of them : 74 (a) "(1) All the ordinary and necessary expenses paid...including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount... | |
 | United States - 1921 - 642 pages
...Deductions allowed. SEC. 214. (a) That in computing net income there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered: traveling expenses (including the entire amount... | |
 | United States. Bureau of Internal Revenue - 1921 - 772 pages
...reads as follows: All the ordinary awl necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable...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... | |
 | United States U.S. Congress. Senate. Committee on finance - 1921 - 802 pages
...United Slntts for the purpose of this title. SUGGESTED AMENDMENTS TO TITLE U. — INCOME TAX. SEC. 234. (1) All the ordinary and necessary expenses paid or...carrying on any trade or business, including a reasonable allov ance for salaries or other compensation for personal services actually rendered, and including... | |
 | United States. Bureau of Internal Revenue - 1921 - 778 pages
...part as follows : 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 Advisory Tax Board in its Memorandum... | |
 | Puerto Rico - 1921 - 1040 pages
...located in Porto Rico, including a reasonable allowance for salaries and compensation to employees for personal services actually rendered, and including rentals or other payments required to be made for purposes of the industry or business. (2) All interest paid during the taxable year, except... | |
 | Emerson Emanuel Rossmoore - 1922 - 592 pages
...services performed. tion subject to the tax imposed by section 230 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered. . . ." TD 2262—Gives the decision of the US... | |
 | United States - 1922 - 1028 pages
...Deductions allowed individuáis, (a) That in computing net income there shall be allowed as deductions: (1) All the ordinary and necessary expenses. paid...including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount... | |
 | United States - 1922 - 756 pages
...Deductions allowed individuals. — (a) In computing net income there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount... | |
 | New York (State). Supreme Court. Appellate Division - 1922 - 1182 pages
...deductions to be made from the gross income to arrive at the net income and includes in subdivision 1 " all the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered," etc. The words " paid or incurred " have a meaning... | |
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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... 
