 | United States. U.S. Congress. Senate. Committee on finance - 1916 - 320 pages
...necessary expenses paid within the year in the maintenance and operation of its business and properties, including rentals or other payments required to be...a condition to the continued use or possession of the property. Now, does it not seem proper that actual and necessary payments of interest on real estate... | |
 | Henry Parker Willis - Accounting - 1916 - 582 pages
...joint stock company or association, or insurance company, received within the year from all sources, (first) all the ordinary and necessary expenses actually paid within the year out of income in the maintenance and operation of its business and properties, including all charges such... | |
 | Appellate courts - 1917 - 736 pages
...such corporation, joint stock company or association, * * * received within the year from all sources (first) all the ordinary and necessary expenses actually paid within the year out of income in the maintenance and operation of its business and properties ; * * * (second) all losses... | |
 | Godfrey Nicholas Nelson - Excess profits tax - 1918 - 478 pages
...invested within the United States and any of its Territories, £ Alaska, and the District of Columbia, (first) all the ordinary and necessary expenses actually...its business and property within the United States and its Territories, Alaska, and the District of Columbia, including all charges such as rentals or... | |
 | United States. Congress. House. Committee on Ways and Means - Income tax - 1918 - 812 pages
...necessary expenses paid within the year in the maintenance and operation of its business and properties, including rentals or other payments required to be...continued use or possession of property to which the corpcration has not taken or is not taking title, or in which it has no equity. Second. All losses... | |
 | Guaranty Trust Company of New York - Aliens - 1918 - 108 pages
...determining net income. 1. Business Expenses. All of the ordinary and necessary expenses paid within the year in the maintenance and operation of its business and...property within the United States, including rentals; 2. Losses in Business. All losses actually sustained within the year in business or trade conducted... | |
 | United States. Court of Claims - Law reports, digests, etc - 1918 - 688 pages
...of the act shows that the net income is to be ascertained by deducting from the gross income: "(1) 'All the ordinary and necessary expenses actually paid within the year out of income in the maintenance and operation of its business and properties.' "(2) 'All losses actually... | |
 | Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments required to be...continued use or possession of property to which the taxpayer has not taken or is not taking title or in which he has no equity. Business Expenses.—Business... | |
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... payments, required to be made as a condition to the continued use or possession of property... 
