 | United States - 1927 - 920 pages
...however, that part of the compensation derived by the taxpayer for personal services rendered by him to a corporation which represents a distribution of earnings...compensation for the personal services actually rendered. In case a taxpayer is engaged in a business abroad in which both personal services and capital are material... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...include that part of any compensation received by the taxpayer for personal services rendered by him to a corporation, which represents a distribution of earnings...compensation for the personal services actually rendered. No general rule can be laid down defining the trades or businesses in which personal services and capital... | |
 | United States. Congress. House. Committee on Ways and Means - Taxation - 1925 - 1154 pages
...include that part of the compensation derived by the taxpayer for personal services rendered by him to a corporation which represents a distribution of earnings...compensation for the personal services actually rendered. (2) In the case of a taxpayer engaged in a trade or business in which both personal service and capital... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...a corporation whose salary is $20,000, may treat only $10,000 as earned income. Where a taxpayer is engaged in a trade or business in which both personal services and capital are material income-producing factors (for example, a merchant), a reasonable allowance as compensation for the... | |
 | E.G.Holt,United States Department of Commerce - 1927 - 636 pages
...however, that part of the compensation derived by the taxpayer for personal services rendered by him to a corporation which represents a distribution of earnings...compensation for the personal services actually rendered. In case a taxpayer is engaged in a business abroad in which both personal services and capital are material... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...further point on which a recommendation is made. Section 209 (a) (1) is quoted in part as follows: In the case of a taxpayer engaged in a trade or business...which both personal services and capital are material income-producing factors, a reasonable allowance for the personal services actually rendered by the... | |
 | United States. Congress. House. Committee on Ways and Means - Taxation - 1927 - 1032 pages
...include that part of the compensation derived by the taxpayer for personal services rendered by him to a corporation which represents a distribution of earnings...rather than a reasonable allowance as compensation for personal services actually rendered." Mr. OSBORNE. As a stockholder. Mr. CHINDBLOM. We got around that... | |
 | United States. Congress. House. Committee on Ways and Means - Internal revenue - 1927 - 1034 pages
...include that part of the compensation derived by the taxpayer for personal services rendered by him to a corporation which represents a distribution of earnings...rather than a reasonable allowance as compensation for personal services actually rendered." Mr. Osborne. As a stockholder. Mr. Chindblom. We got around that... | |
 | United States. Bureau of Internal Revenue - Income tax - 1927 - 502 pages
...business of buying and selling securities constitute a part of the profits derived from the conduct of a business in which both personal services and capital are material income producing factors, and in the computation of earned income may be included as a part of such profits in applying the 20... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 pages
...include that part of the compensation derived by the taxpayer for personal services rendered by him to a corporation which represents a distribution of earnings...rather than a reasonable allowance as compensation for personal services actually rendered. (b) In case the taxpayer is engaged in a trade or business in... | |
| |
In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors... 
