 | United States. Board of Tax Appeals - 1930 - 1618 pages
...same Act as follows : The term " personal service corporation " means a corporation whose income U to be ascribed primarily to the activities of the...include any foreign corporation, nor any corporation 50 per centum or more of whose gross income consists either (1) of gains, profits or Income derived... | |
 | United States. Board of Tax Appeals - 1930 - 1608 pages
...was not a personal service corporation. The term " personal service corporation " means a corporation whose income is to be ascribed primarily to the activities of the principal owners or stockholders who are thi-mselves regularly engaged in the active conduct of the affairs of the corporation and In which... | |
 | United States. Board of Tax Appeals - 1930 - 1554 pages
...service corporation" means a corporation whose income Is to be ascribed primarily to the iictivittes of the principal owners or stockholders who are themselves regularly engaged in the active conduct of the affaire of the corporation and in which capital (whether invested or borrowed) is not a material income-producing... | |
 | United States. Court of Claims - 1931 - 854 pages
...create a " personal-service corporation." The statute further provides that such stockholders must be " themselves regularly engaged in the active conduct of the affairs of the corporation." This Dundee corporation had nothing to do with the active conduct of the affairs of the plaintiff.... | |
 | United States. Congress. House. Temporary National Economic Committee - 1940 - 324 pages
...personal-service corporation was defined in the Revenue Acts of 1918 and 1921 (sec. 2OO) as "a corporation whose income is to be ascribed primarily to the activities...stockholders who are themselves regularly engaged in active conduct of the affairs of the corporation, and in which capital (whether invested or borrowed)... | |
 | 1940 - 1408 pages
...personal-service corporation was defined in the Revenue Acts of 1918 and 1921 (sec. 200) as "a corporation whose income is to be ascribed primarily to the activities of the principal owners or stockholcL rs who are themselves regularly engaged in active conduct of the affairs of the corporation,... | |
 | United States. Congress. House. Committee on Ways and Means - 1940 - 480 pages
...dividends. For this purpose it is proposed to define a personal-service corporation as any corporation whose income is to be ascribed primarily to the activities of the principal owners or shareholders who are themselves regularly engaged in the active conduct of its affairs and In winch... | |
 | United States. Congress. Senate. Committee on Finance - 1940 - 512 pages
...limited in its scope. The definition requires that the owners of at least 80 percent of the stock be regularly engaged in the active conduct of the affairs of the corporation. This limitation operates to exclude a large number of personal service corporations in which the persons... | |
 | United States - 1953 - 1744 pages
...means a corporation whose income is to be ascribed primarily to the activities of shareholders who are are the owners at all times during the taxable year of at least 70 per centum in value of each class... | |
 | 1941 - 1300 pages
...mean a corporation whose income is attributable primarily to the activities of shareholders who are regularly engaged in the active conduct of the affairs of the corporation and are owners at all tunes during the taxable year of at least 70 percent in value of each class of stock... | |
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personal service corporation " means a corporation whose income is to be ascribed primarily to the activities of the principal owners or stockholders who are themselves regularly engaged in the active conduct of the affairs of the corporation and in which... 
