 | Harris, Forbes & co., New York - Income tax - 1919 - 164 pages
...Deductions Allowed. Sec. 214. (a) That in computing net income there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or...in carrying on any trade or business, including a reason, able allowance for salaries or other compensation for personal services [actually rendered,... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1048 pages
...income is computed under §212 of the Revenue Act of 1fll8. (Revenue Act of 1918, § 200.) salaries or other compensation for personal services actually...including rentals or other payments required to be made as a condition to the continued use or possession of property to which the corporation has not... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1052 pages
...income is computed under § 212 of the Revenue Act of 1918. (Revenue Act of 1918, § 200.) salaries or other compensation for personal services actually...and including' rentals or other payments required to he made as a condition to the continued use or possession of property to which the corporation has... | |
 | War revenue law of 1920 - 1920 - 36 pages
...there are subtracted the following deductions arising during the year for which the taxes are paid: 1. All the ordinary and necessary expenses paid or...for purposes of the trade or business of property In which the taxpayer has no equity or title or is not taking title. 2. All interest paid or accrued... | |
 | United States. Bureau of Internal Revenue - Excess profits tax - 1920 - 346 pages
...income of a corporation subject to the tax imposed by section 230 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or...including rentals or other payments required to be made as a condition to the continued use or possession of property to which the corporation has not... | |
 | Real Estate Board of New York - Income tax - 1920 - 104 pages
...of a corporation subject to the tax imposed by section 230 there shall be allowed as deductions : ' (1) All the ordinary and necessary expenses paid or...including rentals or other payments required to be made as a condition to the continued use or possession of property to which the corporation has not... | |
 | United States - Internal revenue law - 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 made as a condition to the continued use or possession of property to which the corporation has not... | |
 | United States. Department of Justice - Administrative law - 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...including rentals or other payments required to be made as a condition to the continued use or possession of property to which the corporation has not... | |
 | United States - Law - 1920 - 1054 pages
...SEC. 214. Deductions allowed, (a) That in computing net income there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or...trade or business, including a reasonable allowance for salarie? or other compensation for personal services actually rendered, and including rentals or... | |
 | George Edwin Holmes - Excess profits tax - 1920 - 1186 pages
...DEDUCTIONS ALLOWED Sec. 214. (a) That in computing net income there shall be allowed as deductions : * (1) All the ordinary and necessary expenses paid or...carrying on any trade or business, including a reasonable allowancp for salaries or other compensation for personal services actually rendered, and including... | |
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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... 
