 | United States - Law - 1953 - 1744 pages
...estate except expenditures for the development of mines or deposits deductible under section 23 (cc) ; onditions as the Commissioner (5) Any amount otherwise allowable as a deduction which is allocable to one or more classes of income... | |
 | United States, Walter Elbert Barton - Gifts - 1944 - 1286 pages
...property or in making good the exhaustion thereof for which an allowance is or has been made; Sec. 24. (a) (4) Premiums paid on any life insurance policy covering...the taxpayer is directly or indirectly a beneficiary nnder such policy; or Sec. 24. (a) (5) Any amount otherwise allowable as a deduction which is allocable... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...living, or family expenses, except extraordinary medical expenses deductible under section 23 (x) ; (2) Any amount paid out for new buildings or for permanent...directly or indirectly a beneficiary under such policy; (5) Any amount otherwise allowable as a deduction which is allocable to one or more classes of income... | |
 | Philippines - Administrative law - 1945 - 1064 pages
...restoring property or inmaking good the exhaustion thereof for which an allowance is or has been made; or (4) Premiums paid on any life insurance policy covering...any trade or business carried on by the taxpayer, individual or corporate, when the taxpayer is directly or indirectly a beneficiary under such policy.... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Income tax - 1946 - 428 pages
...living, or family expenses, except extraordinary medical expenses deductible under section 23 (x) ; (2) Any amount paid out for new buildings or for permanent...directly or indirectly a beneficiary under such policy; (5) Any amount otherwise allowable as a deduction which is allocabie to one or more classes of income... | |
 | United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1798 pages
...has been made ; and (4) Premiums paid on any life-insurance policy covering the life of any ofHrer or employee or of any person financially interested...directly or indirectly a beneficiary under such policy. (5) If the net income of an unincorporated business for the taxable year is in excess of the exemption... | |
 | Administrative law - 1959 - 1584 pages
...connection with insurance contracts — (a) General rule. No deduction shall be allowed for — (1) Premiums paid on any life insurance policy covering...directly or Indirectly a beneficiary under such policy. (2) Any amount paid or accrued on Indebtedness incurred or continued to purchase or carry a single... | |
 | Administrative law - 1960 - 1764 pages
...connection with insurance contracts — (a) General •rule. No deduction shall be allowed for — (1) Premiums paid on any life Insurance policy covering...directly or indirectly a beneficiary under such policy. (2) Any amount paid or accrued on indebtedness incurred or continued to purchase or carry a single... | |
 | Administrative law - 1975 - 424 pages
...in connection with insurance contracts—(a) General rule. No deduction shall be allowed for— (1) Premiums paid on any life insurance policy covering...directly or indirectly a beneficiary under such policy. (2) Any amount paid or accrued on indebtedness Incurred or continued to purchase or carry a single... | |
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Premiums paid on any life insurance policy covering the life of any officer or employee, or of any person financially interested in any trade or business carried on by the taxpayer, when the taxpayer is directly or indirectly a beneficiary under such... 
