 | United States. Congress. House. Committee on Ways and Means - 1953 - 1536 pages
...gross income — 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 ; traveling expenses (including the entire amount... | |
 | United States. Internal Revenue Service - 1967 - 1388 pages
...as a deduction 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. Section 264 (a) (1) of the Code, however, specifically... | |
 | United States. Congress. House. Select Committee on Small Business - 1953 - 462 pages
...the deduction 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. This section should be amended by striking out... | |
 | United States, Walter Elbert Barton - 1953 - 708 pages
...In general. — 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 ther compensation for personal services actually rendered; travelng expenses (including the entire... | |
 | United States. Internal Revenue Service - 1955 - 1158 pages
...not here applicable. A deduction from gross income is provided in section 23(a) (1) (A) of the Code for all the ordinary and necessary expenses paid or...compensation for personal services actually rendered. The last sentence of section 39.22 (a) -3 of Regulations 118 prescribes that premiums paid by an employer... | |
 | Congress. Internal Revenue Taxation Joint Committee - 1959 - 220 pages
...•••••• "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 rentals or other payments required... | |
 | United States. Congress. Senate. Finance - 1963 - 94 pages
...In General. — 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 : traveling expenses (including the entire amount... | |
 | United States. Tax Court - 1949 - 1378 pages
...Helvering, 292 US 435. Section 23 (a) of the Internal Revenue Code allows deductions from gross income for "all the ordinary and necessary expenses paid...compensation for personal services actually rendered." The petitioner intended this payment as compensation. In paragraph XVII of the trust agreement it was declared... | |
 | United States. Tax Court - 1970 - 1856 pages
...Issue 2. Unreasonable Compensation Section 162 (a) (1) provides that a corporation shall be allowed a deduction for all the ordinary and necessary expenses...including "a reasonable allowance for salaries or other compensation for personal services actually rendered." Kespondent determined that $3,200 of the $5,000... | |
 | United States. Tax Court - 1969 - 564 pages
...as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including "a reasonable...compensation for personal services actually rendered." The burden of proving reasonableness is upon the petitioners, Botany Worsted Mills v. United States, 278... | |
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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... 
