 | Citrus fruits - 1925 - 798 pages
...Business Expenses 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 are deductible, as well as traveling expenses... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...DEDUCTIONS Revenue Act of SEC. 214. (a) In computing net income there shall be allowed as deductions: ( 1 ) All the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount... | |
 | United States. Board of Tax Appeals - Taxation - 1926 - 1508 pages
...provide: SEC. 234. (a) That In computing the net Income * * * there shall be allowed as deductions : (1) All the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered * * *. (Italics ours.) It will be noted that this... | |
 | United States. Congress. House. Committee on Ways and Means - Internal revenue - 1927 - 1034 pages
...as follows : •' Sec 214. (a) That in computing net income there shall be allowed as deductions : "(1) All the ordinary and necessary expenses paid...including a reasonable allowance for salaries or other compensation for personal services actually rendered ; traveling expenses (including the entire amount... | |
 | United States. Congress. House. Committee on Ways and Means - Taxation - 1927 - 1032 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 us a condition to the continued use or possession of property to which the corporation has not... | |
 | Puerto Rico - Session laws - 1927 - 748 pages
...Section 5. — That paragraph 1, clause (a) of Section 32 of said Act, is hereby amended as follows: "(a) (1) All the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensations to employees for personal services actually rendered, and including rentals or other... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 pages
...DEDUCTIONS ALLOWED INDIVIDUALS Sec. 214. (a) In computing net income there shall be allowed as deduct inns: (1) All the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...(a) Expenses. — 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... | |
 | Law reports, digests, etc - 1928 - 1066 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...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... | |
 | Law reports, digests, etc - 1928 - 1120 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...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... | |
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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... 
