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" ... traveling expenses (including the entire amount expended for meals and lodging) while away from home in the pursuit of a trade or business... "
Statutes of the United States of America - Page 235
by United States - 1921
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Barnes' Federal Code: Containing All Federal Statutes of General and Public ...

United States - Law - 1922 - 2831 pages
...5516, 5524, 5529 and 5544 herein. 5526. Deductions allowed individuals. — (a) In computing net income there shall be allowed as deductions: (1) All...to the continued use or possession, for purposes of trade or business, of property to which the taxpayer has not taken or is not taking title or in which...
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Federal Income Tax Problems --1922

Emerson Emanuel Rossmoore - Income tax - 1922 - 541 pages
...and benefit is the provision contained in section 214, permitting the deduction from gross income of traveling expenses (including the entire amount expended...while away from home in the pursuit of a trade or business. The practice of the Bureau of Internal Revenue under the "Revenue Act of 1918 was to allow...
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Comparison of the Revenue Acts of 1918 and 1921: With Index ...

United States. Congress. House. Committee on Ways and Means - Finance - 1923 - 238 pages
...States, determined under the provisions of section 217. Act of 1918. DEDUCTIONS ALLOWED INDIVIDUALS. Sec. 214. (a) That in computing net income there shall...pursuit of a trade or business; and rentals or other payr.ioats (c) In the case of nonresident alien individuals, gross income includes only the gross income...
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Self-proving Business Arithmetic

Thomas Theodore Goff - Business mathematics - 1923 - 316 pages
...salaries, etc., should be fully explained in Schedule F, page 2 of the return, or in an attached statement. Traveling expenses (including the entire amount expended...while away from home in the pursuit of a trade or business are deductible. 14. INCOME FROM PARTNERSHIPS, FIDUCIARIES, ETC. n the profits of a partnership...
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Comparison of the Revenue Acts of 1918 and 1921

United States - Finance - 1924 - 240 pages
...the United States, determined under the provisions of section 217. DEDUCTIONS ALLOWED INDIVIDUALS. Sec. 214. (a) That in computing net income there shall...a trade or business; and rentals or other payments (c) In the case of nonresident alien individuals, gross income includes only the gross income from...
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Federal Income and Estate Tax Laws: Correlated and Annotated, Being a ...

Walter Elbert Barton, United States, Carroll Wright Browning - Electronic books - 1925 - 549 pages
...his horses at race tracks and at shows. He had conducted these Act of 1924. Act of 1921. Act of 1918. including a reasonable allowance for salaries or other...business; and rentals or other payments required to be made as a condi- • tion to the continued use or possession, for purposes of the trade or business,...
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American Medical Association Bulletin, Volumes 20-22

American Medical Association - Medicine - 1925
...carrying on any trade or business, including a reasonable allowance for salaries or other compensations for personal services actually rendered ; traveling...while away from home in the pursuit of a trade or business; . . . Out of a construction by the Commissioner of Internal Revenue of the clause above quoted,...
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Income Tax Accounting

John F. Sherwood - Income tax - 1925 - 205 pages
...purchased for the taxpayer's library. Premiums paid on a fidelity bond is considered a business expense. Traveling expenses (including the entire amount expended...while away from home in the pursuit of a trade or business, are deductible from gross income in computing net income. Insurance on business property...
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Revenue Revision 1927-28: Hearings Before the Committee on Ways and Means ...

United States. Congress. House. Committee on Ways and Means - Internal revenue - 1927 - 1014 pages
...1921, under which the deductibility of such expenses was denied, expressly authorizes the deduction of "traveling expenses (including the entire amount expended...while away from home in the pursuit of a trade or business," while the revenue act of 1918, under which the deductibility of traveling expenses incident...
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Reports of the U.S. Board of Tax Appeals, Volume 13

United States. Board of Tax Appeals - Taxation - 1929
...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...
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