...a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount expended...is not taking title or in which he has no equity; (2) All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred...

...expiration. (CB IV-2, 78; IT 2199.) Rentals (i) .... rentals or other payments required to be made as a condition to the continued use or possession, for...is not taking title or in which he has no equity; Sometimes the rental charge is increased by expenditures not included in the cash payments to the landlord....

...material and supplies has not been taken into account in determining the net income for any previous year. possession, for purposes of the trade or business,...is not taking title or in which he has no equity;' Section 234. [Corporations], (a) That in computing the net income of a corporation subject to the tax...

...Section 214. [Individuals] (a) In computing net income there shall be allowed as deductions: (i) .... traveling expenses (including the entire amount expended...while away from home in the pursuit of a trade or business; .... REGULATION. Traveling expenses as ordinarily understood, include railroad fares and...

...expenses paid or incurred during the taxable year in carrying on any trade or business, including * * * traveling expenses (including the entire amount expended...while away from home in the pursuit of a trade or business ; * * *. SEC. 215. (a) That in computing net income no deduction shall in any case be allowed...

...Tinder present law, an individual is allowed a deduction for traveling expenses (including amounts expended for meals and lodging) while away from home in the pursuit of a trade or business (sec. 162 fa)). These expenses are. deductible only if they are reasonable and necessary in...

...law Under present law. an individual is allowed a deduction for traveling expenses (including amounts expended for meals and lodging) while away from home in the pursuit of a trade or business (sec. 162 fa)). These expenses are. deductible only if they are reasonable and necessary in...

...expended for meals and lodging other than amounts which are lavish or extravagant under the circumstances) while away from home in the pursuit of a trade or business; and (3) rentals or other payments required to be made as a condition to the continued use or possession,...

...expended for meals and lodging other than amounts which are lavish or extravagant under the circumstances) while away from home in the pursuit of a trade or business; and 174 PL. 108-121, |103(b), added a new subsection (n). applicable to payments made after November 11,...

...section 162(a) (2) and other provisions of the Internal Revenue Code by reason of the taxpayer being away from home in the pursuit of a trade or business and provides for the Treasury to issue rules to allow Members of Congress to deduct appropriate amounts...