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" ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity... "
Cases Decided in the United States Court of Claims ... with Report of ... - Page 127
by United States. Court of Claims, Audrey Bernhardt - 1955
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Investigation of Bureau of Internal Revenue: Hearings Before the ..., Volume 11

United States. Congress. Senate. Select Committee on Investigation of the Bureau of Internal Revenue - 1925 - 140 pages
...income there shall be allowed as deductions : * * * rentals or other payments required to be made as a condition to the continued use or possession, for...is not taking title or in which he has no equity. Under article 109, which is the regulation pertinent to that provision of the statute that I have just...
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Regulations 65 Relating to the Income Tax Under the Revenue Act of 1924

United States. Internal Revenue Service - 1924 - 396 pages
...home in the pursuit of a trade or business ; and rentals, or other payments required to be made as a condition to the continued use or possession, for...not taken or is not taking title or in which he has uo equity ; ART. 101. Business expenses. — Business expenses deductible from gross income include...
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American Federal Tax Reports, Volume 2; Volume 28

1972 - 1578 pages
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American Federal Tax Reports

1971 - 1768 pages
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Comparison of the Revenue Acts of 1918 and 1921

United States - 1924 - 260 pages
...allowed under this paragraph for any loss claimed to have been sustained in anv sale or other diswhich the taxpayer has not taken or is not taking title or in which he has no equity; (2) All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred...
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American Federal Tax Reports, Volume 28

1943 - 1556 pages
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American Federal Tax Reports, Volume 33

1946 - 1776 pages
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Questions and Answers on Federal Tax Laws: Based on Revenue Act of 1924 and ...

Irving Bank-Columbia Trust Company - 1925 - 152 pages
...home in the pursuit of a trade or business; and rentals or other payments required to be made as a condition to the continued use or possession, for...is not taking title or in which he has no equity; (2) All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred...
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Citrus Leaves, Volumes 4-6

1925 - 798 pages
...home in the pursuit of a trade or business, and rentals or other payments required to be made as a condition to the continued use or possession, for...is not taking title or in which he has no equity. A taxpayer is entitled to deduct the necessary expenses paid in carrying on his business from his gross...
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Income Tax Accounting

John F. Sherwood - 1925 - 206 pages
...home in the pursuit of a trade or business; and rentals or other payments required to be made as a condition to the continued use or possession, for...is not taking title or in which he has no equity; (2) All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred...
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