 | Taxation - 1927 - 1150 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 * * * ; (second) all losses... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 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... | |
 | Law reports, digests, etc - 1925 - 1112 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...condition to the continued use or possession of property; (second) all losses actually sustained within the year and not compensated by insurance or otherwise,... | |
 | Law reports, digests, etc - 1913 - 1148 pages
...gross amount of the income of such * • » 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... | |
 | Law reports, digests, etc - 1918 - 1048 pages
...company or association, or insurance company, received within the year from all sources, first, all of 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... | |
 | United States. Board of Tax Appeals - Taxation - 1927 - 1522 pages
...gross amount of its income received Within (he 'year from 'all" sources within the United States — First. All the ordinary and necessary expenses actually...earnings in the maintenance and operation of its business ,aud property within the United States, including rentals or other payments. 're-- quired to be made... | |
 | Law reports, digests, etc - 1927 - 1126 pages
...gross amount of the income of such corporation, » • * received within the year from ¡ill 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... | |
 | United States. Board of Tax Appeals - Taxation - 1928 - 1560 pages
...necessary expenses paid or incurred during the taxable year in carrying on any trade or business, * * * including rentals or other payments required to be...a condition to the continued use or possession of the property * * *." The amount sought to be deducted in the instant case as rental for the buildings... | |
 | Insurance law - 1918 - 730 pages
...examination 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 busiand properties.' (2) 'All losses actually sustained... | |
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... payments, required to be made as a condition to the continued use or possession of property... 
