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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... "
Cases Decided in the Court of Claims of the United States - Page 147
by United States. Court of Claims - 1936
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Federal Income Tax and Its Relation to Real Property: Prepared on Behalf of ...

Real Estate Board of New York - 1920 - 112 pages
...deductions : (1) 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, and including rentals or other payments required...
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War Tax 1920: A Synopsis of the War Tax, with Accurate Tables and Concrete ...

1920 - 36 pages
...taxes are paid: 1. 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, and including rentals or other payments required...
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New York State Personal Income Tax Law: Summary and Text of Law. List of ...

Harris, Forbes & Co., New York - 1920 - 110 pages
...deductions: 1. 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, and including rentals or other payments required...
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Public Accounting and Auditing...

John F. Sherwood - 1920 - 272 pages
....deductions: "(i) 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, and including rentals or other payments required...
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Internal Revenue Laws in Force: With an Appendix Containing Laws of a ...

United States - 1920 - 1064 pages
...deductions: (i) All the ordinary and necessary expenses paid or incurred during the taxable year in For the purposes of this section a farmer or grower of tobacco shall not be regarded as a compensation for personal services actually Tendered, and including rentals or other payments required...
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Pamphlets, Volume 35

Irving National Bank, New York - 1920 - 150 pages
...deductions: (1) 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, and including rentals or other payments required...
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Regulations 45 Relating to the Income Tax and War Profits and Excess Profits ...

United States. Bureau of Internal Revenue - 1920 - 346 pages
...deductions: (1) 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, and including rentals or other payments required...
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Official Opinions of the Attorneys General of the United States ..., Volume 31

United States. Department of Justice - 1920 - 740 pages
...deduction only of — " 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, and including rentals or other payments required...
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Internal Revenue Laws in Force May 1, 1920: With an Appendix Containing Laws ...

United States - 1920 - 1052 pages
...deductions: Expenses. (i) All the ordinary and necessary expenses paid or incurred during the taxable year in ubstitute therefor, and weighing not more than three pounds per compensation for personal services actually rendered, and including rentals or other payments required...
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Cumulative Bulletin ... Income Tax Rulings, Issues 4-5

United States. Bureau of Internal Revenue - 1921 - 772 pages
..."ordinary and necessary expenses," while the Revenue Act of 1918 allows "ordinary and necessary expenses including a reasonable allowance for salaries or other...compensation for personal services actually rendered." The Government in the case of the Philadelphia Knitting Mills had to rely upon an interpretation of the...
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