 | United States. Internal Revenue Service - Income tax - 1936 - 604 pages
...items not deductible, see section 24. ART. 23 (a) -6. Compensation for personal services. — Among the ordinary and necessary expenses paid or incurred in carrying on any trade or business may be included a reasonable allowance for salaries or other compensation for personal services actually... | |
 | Administrative law - 1941 - 1688 pages
...of which Is short, may be deducted. *t { 19.23 (a) -6 Compensation for personal services. Among the ordinary and necessary expenses paid or incurred in carrying on any trade or business may be included a reasonable allowance for salaries or other compensation for personal services actually... | |
 | Administrative law - 1939 - 1030 pages
...not deductible, see section 24 of the Act.*t 3.23 (a)-6 Compensation for personal services. Among the ordinary and necessary expenses paid or incurred in carrying on any trade or business may be included a reasonable allowance for salaries or other compensation for personal services actually... | |
 | Administrative law - 1940 - 1806 pages
...of which is short, may be deducted. *t § 9.23 (a) -6 Compensation for personal services. Among the ordinary and necessary expenses paid or incurred in carrying on any trade or business may be included a reasonable allowance for salaries or other compensation for personal services actually... | |
 | United States. Board of Tax Appeals - Taxation - 1942 - 1324 pages
...no doubt that petitioner paid out the funds which he claims as a deduction, were these expenditures "ordinary and necessary expenses paid or incurred * * * in carrying on any trade or business" within the meaning of section 23 (a), printed in the margin? We think that question must be answered... | |
 | Administrative law - 1970 - 750 pages
...may be deducted. § 1.162-7 Compensation for personal services. (a) There may be included among the ordinary and necessary expenses paid or incurred in carrying on any trade or business a reasonable allowance for salaries or other compensation for personal services actually rendered.... | |
 | Administrative law - 1968 - 1618 pages
...may be deducted. § 1.162—7 Compensation for personal services. (a) There may be included among the ordinary and necessary expenses paid or incurred in carrying on any trade or business a reasonable allowance for salaries or other compensation for personal services actually rendered.... | |
 | Administrative law - 1971 - 1474 pages
...may be deducted. § 1.162-7 Compensation for personal services. (a) There may be included among the ordinary and necessary expenses paid or Incurred in carrying on any trade or business a reasonable allowance for salaries or other compensation for personal services actually rendered.... | |
 | Administrative law - 1978 - 838 pages
...may be deducted. § 1.162-7 Compensation for personal services. (a) There may be included among the ordinary and necessary expenses paid or incurred in carrying on any trade or business a reasonable allowance for salaries or other compensation for personal services actually rendered.... | |
 | United States. Congress. House. Committee on Ways and Means - Old age pensions - 1953 - 1050 pages
...for dues and assessments, as such. Accordingly, such payments to qualify as deductions must be either 'ordinary and necessary expenses paid or incurred * * * in carrying on any trade or business' within the meaning and intent of section 23 (a) of the Revenue Act of 1934, or 'contributions or gifts... | |
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The test of deductibility in the case of compensation payments is whether they are reasonable and are in fact payments purely for services. 
