 | United States. Congress. House. Committee on Ways and Means - 1961 - 520 pages
...as compensation for the personal services actually rendered. In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors, under regulations prescribed by the Secretary or his delegate, a reasonable allowance as compensation... | |
 | United States, United States. Congress. Joint Committee on Internal Revenue Taxation - 1961 - 1208 pages
...as compensation for the personal services actually rendered. In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors, under regulations prescribed by the Secretary or his delegate, a reasonable allowance as compensation... | |
 | United States. Congress. Senate. Committee on Finance - 1962 - 986 pages
...as compensation for personal services. It also provides that In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors, there shall be under regulation* a reasonable allowance as compensation for the personal services rendered,... | |
 | United States. Internal Revenue Service - 1963 - 1264 pages
...as compensation for the personal services actually rendered. In the case of a taxpayer engaged in a trade or business In which both personal services and capital are material income-producing factors, under regulations prescribed by the Secretary or his delegate, a reasonable allowance as compensation... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1966 - 24 pages
...INDIVIDUALS. P. 189 This amendment raises from $2,500 to $6,600 the minimum amount of earnings from a trade or business, in which both personal services and capital are material incomeproducing factors, which a self-employed person may treat as earned income (for self-employed retirement income purposes)... | |
 | 1966 - 1674 pages
...case of an individual who is an employee within the meaning of paragraph (1) and who is engaged in a trade or business in which both personal services and capital are material income-producing factors and with respect to which the individual actually rendei^ personal services on a full-time, or substantially... | |
 | United States. Congress. House. Committee on Ways and Means - 1967 - 1068 pages
...earned income. — This amendment raises from $2,500 to S6,600 the minimum amount.of earnings from a trade or business, in which both personal services...and capital are material income-producing factors, which a self-employed person may treat as earned income regardless of the general rule that only 30... | |
 | United States. Internal Revenue Service - 1974
...received as compensation for personal services actually rendered. In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors, a reasonable allowance as compensation for the personal services rendered by the taxpayer, not in excess... | |
 | United States. Congress. Senate. Committee on Finance - 1969 - 1978 pages
...would not be earned income. The section goes on to say that in the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors, under regulations prescribed by the Secretary or his delegate, a reasonable allowance as compensation... | |
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In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors... 
