...United States." Thus, in tin case of a citizen of the United States conducting, in a foreign country, a trade or business in which both personal services and capital are material income-producing factors, a»y part of the income therefrom which is excluded from gross income as earned income under the prov.sions...

...case of an Individual who Is an employee within the meaning of paragraph (1) and who le engaged in a trade or business in which both personal services and capital are material Income-producing factor» and with respect to which the Individual actually renders personal services on a full-time,...

...illness or cyclical unemployment.5 However, a In cases wnere the taxpayer is a partner or propietor in a trade or business in which both personal services and capital are material income-producing factors, a determination of the portion of the income attributable to personal services wo'ild be made under...

...profits rather than a reasonable allowance as compensation for tl personal services actually rendered. In the case of a taxpayer engaged in trade or business...which both personal services and capital are material i; corne-producing factors, under regulations prescribed by the Secretary or b delegate, a reasonable...

...because of the difficulty of determining earned income in situations where the taxpayer is engaged in a trade or business in which both personal services and capital are material income-producing factors. I may say that the reason we have geared the exclusion to earned income is because that is the basis...

...Internal Revenue Code of 1954. Another partnership is engaged, in the United States and abroad, in a business in which both personal services and capital are material income-producing factors. The partnership agreement provides that a partner assigned to a foreign branch is to receive his entire...

...the bill (sec. 911 d)in the case of individual bona fide nonresidents when a taxpayer is engaged in a trade or business in which both personal services...capital are material income-producing factors, the maximum allowance as compensation for personal services has been increased from 20 percent to 30 percent,...

...any payment which represents a distribution of earnings or profits. If the taxpayer is engaged in a trade or business in which both personal services and capital are material income-producing factors, a reasonable allowance, not to exceed 30 percent of his share of the net profits, is considered to...

...any payment which represents a distribution of earnings or profits. If the taxpayer is engaged in a trade or business in which both personal services and capital are material income-producing factors, a reasonable allowance, not to exceed 30 percent of his share of the net profits, is considered to...

...because of the difficulty of determining earned income in situations where the taxpayer is engaged in a trade or business in which both personal services and capital are material income-producing factors. I may say that the reason we have geared the exclusion to earned income is because that is the basis...