 | United States. Board of Tax Appeals - 1926 - 1508 pages
...worthless debts is found in section 234 (a) of the Revenue Act of 1918, which provides in part as follows: That In computing the net income of a corporation subject to the tnx imposed by section 230 there shall be allowed as deductions * • • debts ascertained to be worthless... | |
 | 1927 - 1126 pages
...the Revenue Act of 1918 (40 Stat. pp. 1057, 1077, 1078 [Сотр. St § 633f¡%pp] ) it is provided : "Sec. 234 (a). That in computing the net income of...section 230 there shall be allowed as deductions: * * * "(5) Debts ascertained to be worthless and charged off within the taxable year." The government... | |
 | United States. Board of Tax Appeals - 1927 - 1530 pages
...necessary business expenses, under section 234 (a) (1) of the Revenue Act of 1918, which provides: That in computing the net income of a corporation...by section 230 there shall be allowed as deductions : . (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying... | |
 | Eric Louis Kohler - 1927 - 618 pages
...sections 243 or 246) in the manner provided hi 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... | |
 | 1927 - 1158 pages
...the facts. At the most, they might be regarded as an intention by the one who prepared the report to tax imposed by section 230 there shall be allowed...deductions: • ••• "(4) Losses sustained during the taxhave it on a cash basis. However, after able year and not compensated for by inhearing the wutness... | |
 | United States. Board of Tax Appeals - 1927 - 1522 pages
...United States * * ». Section 234 of the Revenue Act of 1918 provides among other things as follows : (a) That in computing the net income of a corporation subject to the tax [including foreign corporations] imposed by section 230 there shall be allowed as deductions : (14)... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...The issues hereunder Involve questions of both law and fact. 250 petitions. ^ Section 234 provides that in computing the net income of a corporation subject to the tux imposed by section 230 there shall be allowed the deductions specifically stated therein. This... | |
 | 1928 - 1120 pages
...section 234 of the Revenue Act of 1918. The applicable parts of that section read as follows : "See. 234 (a). That in computing the net income of a corporation...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... | |
 | New York (State) - 1928 - 816 pages
...practically the same as those specified under the revenue act of 1918. Section 234 (a) of that act directs "That in computing the net income of a corporation...section 230 there shall be allowed as deductions: * * * (3) Taxes paid or accrued within the taxable year imposed * * * (c) by the authority of any state... | |
 | United States - 1928 - 268 pages
...the gross premiums collected and received by them less amounts paid for reinsurance. SEC. 234. (a) In computing the net income of a corporation subject...section 230 there shall be allowed as deductions: (9) In the case of insurance companies (other than life insurance companies), in addition to the above... | |
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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... 
