| Irving Bank-Columbia Trust Company - 1925 - 152 pages
...sections 243 or 246) in the manner provided in section 217. DEDUCTIONS ALLOWED CORPORATIONS SEC. 234. (a) In computing the net income of a corporation subject...section 230 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on... | |
| John F. Sherwood - 1925 - 206 pages
...reveal wherein the deductions allowed corporations differ from the deductions allowed individuals. In computing the net income of a corporation subject...section 230 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable -year in carrying on... | |
| Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...section 243243 or 246 )240 in the manner provided in section 217. DEDUCTIONS ALLOWED CORPORATIONS. SEC. 234. (a) That in computing the net income of...corporation subject to the tax imposed by section 230243 there shall be allowed as deductions : GROSS INCOME DEFINED. SEC. 233. (a) That in the case... | |
| 1926 - 1090 pages
...subdivision 4 or 5 of section 234 (a) of the Revenue Act of 1918. The Act provides as follows: "Section 234. (a) That in computing the net income of a corporation..."(4) Losses sustained during the taxable year and not compensated for by insurance or otherwise; "(5) Debts ascertained to be worthless and charged off... | |
| 1926 - 1118 pages
...§ 234 (a) (4) and (5) being Сотр. St. Ann. Supp. 1919, § 63365/8pp, -which provides: "Section 234. (a) That in computing the net income of a corporation..."(4) Losses sustained during the taxable year and not compensated by insurance or otherwise; "(5) Debts ascertained 'to be worthless and charged off... | |
| United States. Board of Tax Appeals - 1926 - 1616 pages
...provisions of section 234(a) (7) of the Revenue Act of 1918. That section provides as follows : SEC. 23*. (a) That in computing the net Income of a corporation...section 230 there shall be allowed as deductions: * * * (7) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or... | |
| National Tax Association - 1926 - 622 pages
...its good-will, by virtue of its obsolescence. Section 234 (a) of the Revenue Act of 1918 provided, " That in computing the net income of a corporation...section 230 there shall be allowed as deductions: ... (7) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,... | |
| Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...see article 687. (See also article 541.) SECTION 4.— DEDUCTIONS Revenue Act of 1924. SEC. 234. (a) In computing the net income of a corporation subject...section 230 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on... | |
| United States. Congress. Senate. Committee on Finance - 1926 - 238 pages
...or 1921.)" The heading of that deduction section is this : That in computing the net income of the corporation subject to the tax imposed by section 230 there shall be allowed as deductions, a reasonable allowance for amortization (if claim was made at the time of filing the return for the... | |
| United States. Internal Revenue Service - 1926 - 620 pages
...involves an interpretation of the revenue act of 1918, section 234 (a), (4) and (5), which provides: SEC. 234 (a). That in computing the net income of a corporation subject to tax imposed by section 230, there shall be allowed as deductions: (4) Losses sustained during the taxable... | |
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