 | 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... | |
 | 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... | |
 | United States - 1921 - 642 pages
...Gross income means from United States sources. 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: traveling expenses (including the entire amount... | |
 | 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... | |
 | 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 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 - 772 pages
...of the taxpayer's annual accounting period * * *." Section 214(a) provides : " 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 * * *. (4) Losses sustained during the taxable year * * *. (7)... | |
 | 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... | |
 | Rex Frye - 1921 - 350 pages
...added to Regulations No. 45. (TD 2869.) SEC. 214. (a) That in computing net income there Deductions, shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or Expenses, incurred during the taxable year in carrying on any trade or business, including a reasonable... | |
 | United States - 1922 - 756 pages
...5516, 5524, 5529 and 5544 herein. § 5526. Deductions allowed individuals. — (a) 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; traveling expenses (including the entire amount... | |
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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... 
