 | Virginia - 1928 - 328 pages
...following deductions: (a) 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 in producing the taxable income. (b) All interest... | |
 | Robert Hiester Montgomery - 1923 - 1760 pages
...and wages is found in the following section of the law: LAW. Section 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; .... What constitutes reasonable compensation... | |
 | Robert Hiester Montgomery - 1919 - 1016 pages
...234. (a) That in computing the net income of a corporation subject to the tax imposed by section 23o there shall be allowed as- deductions : (1) All the...including a reasonable allowance for salaries or other compensation for personal servicesactually rendered, and including rentals or other payments required... | |
 | Robert Hiester Montgomery - 1927 - 592 pages
...under the provisions of section 217. Deductions Allowed Individuals SEC. 214. (a) In computing net income there shall be allowed as deductions : (1)...trade or business, including a reasonable allowance tor salaries or other compensation for personal services actually rendered; traveling expenses (including... | |
 | United States. Board of Tax Appeals - 1929 - 1562 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...carrying on any trade or business, including a reasonable allowauce for salaries or other compensation for personal services actually rendered, and including... | |
 | United States. Board of Tax Appeals - 1929 - 1592 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 ordinary and necessary expenses paid or Incurred (luring the taxable year iu carrying on any trade or busi»ess, including a reasonable... | |
 | Robert Hiester Montgomery - 1927 - 1510 pages
...deductions: (i) 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 determination of the reasonableness... | |
 | United States. Board of Tax Appeals - 1930 - 1618 pages
...the year in the maintenance and operation of its business and properties, * * *. The 1918 Act allows as deductions: (1) All the ordinary and necessary...including a reasonable allowance for salaries or other compensation for personal services actually rendered, • • «. In our opinion the respondent's determination... | |
 | United States. Congress. Senate. Appropriations Committee - 1930 - 122 pages
...gross income of 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. In a case where such a payment is made in property... | |
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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... 
