...any trade or business, including — (2) traveling expenses (including amounts expended for ineais and lodging * • *) while away from home in the pursuit of a trade or business * * * In Commissioner v. Flowers, 326 US 465, 470 (1946), the Supreme Court stated : Three...

...162(a), "There shall be allowed as a deduction ... (3) rentals or other payments required to be made as a condition to the continued use or possession, for...purposes of the trade or business, of property to which taxpayer hoi not laten or is not taking title or in which he has no equity." (Emphasis added.) M &...

...§l62(a), "There shall be allowed as a deduction ... (3) rentals or other payments required to be made as a condition to the continued use or possession, for...purposes of the trade or business, of property to which taxpayer has not taken or is not taking title or in which he has no equity." (Emphasis added.) M &...

...meaning where no tax plan is involved. We gain some help from the language of the statute. The language "property to which the taxpayer has not taken or is not taking title" (emphasis added) appears clearly enough to indicate that Congress had in mind an ongoing process in...

...reasonable allowance for salaries or other compensation for personal services actually rendered; (2) Traveling expenses (including the entire amount expended...from home in the pursuit of a trade or business; and (3) Rentals or other payments required to be made as a condition to the continued use or possession,...

...law Under present law. an individual is allowed a deduction for traveling expenses (including amounts expended for meals and lodging) while away from home in the pursuit of a trade or business (sec. 162 fa)). These expenses are. deductible only if they are reasonable and necessary in...

...Tinder present law, an individual is allowed a deduction for traveling expenses (including amounts expended for meals and lodging) while away from home in the pursuit of a trade or business (sec. 162 fa)). These expenses are. deductible only if they are reasonable and necessary in...

...expended for meals and lodging other than amounts which are lavish or extravagant under the circumstances) while away from home in the pursuit of a trade or business; and (3) rentals or other payments required to be made as a condition to the continued use or possession,...

...expended for meals and lodging other than amounts which are lavish or extravagant under the circumstances) while away from home in the pursuit of a trade or business; and 174 PL. 108-121, |103(b), added a new subsection (n). applicable to payments made after November 11,...

...section 162(a) (2) and other provisions of the Internal Revenue Code by reason of the taxpayer being away from home in the pursuit of a trade or business and provides for the Treasury to issue rules to allow Members of Congress to deduct appropriate amounts...