 | United States. Court of Claims - Law reports, digests, etc - 1929 - 762 pages
...Article 105 of Treasury Regulations #45 and #62, interpreting the foregoing statute, reads as follows : "Among the ordinary and necessary expenses paid or...included a reasonable allowance for salaries or other compensation for personal services actually rendered. The test of deductibility in the case of compensation... | |
 | Prentice-Hall Inc, Prentice-Hall, inc - Reference - 1919 - 640 pages
...deductions. See section 215 and articles 291-294. fl 576. Art. 105. Compensation for personal services. — Among the ordinary and necessary expenses paid or...included a reasonable allowance for salaries or other compensation for personal services actually rendered. The test of deducibility in the case of compensation... | |
 | United States. Internal Revenue Service - Natural gas - 1919 - 168 pages
...capitalized may be reduced through annual depreciation deductions. COMPENSATION FOR PERSONAL SERVICES. Among the ordinary and necessary expenses paid or...included a reasonable allowance for salaries or other compensation for personal services actually rendered. The test of deducibility in the case of compensation... | |
 | Accounting - 1919 - 500 pages
...The only head within which it might be suggested that such contributions could be included is that of ordinary and necessary expenses paid or incurred in carrying on any trade or business, including reasonable salaries or other compensation, rentals, and payments for use of property provided... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1048 pages
...non-resident aliens. BUSINESS EXPENSES. Non-resident aliens may deduct from their gross income all ordinary and necessary expenses paid or incurred in carrying on any trade or business subject to the same general provisions applicable to citizens and residents,48 but only if and to the... | |
 | Prentice-Hall Inc, Prentice-Hall, inc - Reference - 1919 - 430 pages
...The only head within which it might be suggested that such contributions could be included is that of ordinary and necessary expenses paid or incurred in carrying on any trade or business, including reasonable salaries or other compensation, rentals, and payments for use of property, provided... | |
 | United States. Bureau of Internal Revenue - Excess profits tax - 1920 - 346 pages
...deductions. See section 215 and articles 291-294. ART. 105. Compensation for personal services. — Among the ordinary and necessary expenses paid or...included a reasonable allowance for salaries or other compensation for personal services actually rendered. The test of deductibility in the case of compensation... | |
 | Income tax - 1920 - 188 pages
...deducted. (Tax Law, section S61, and article 125.) ABT. 115. Compensation for personal services — Among the ordinary and necessary expenses paid or...included a reasonable allowance for salaries or other compensation for personal services actually rendered. The test of deducibility in the case of compensation... | |
 | United States. Internal Revenue Service - Excess profits tax - 1921 - 348 pages
...deductions. See section 215 and articles 291-294. ART. 105. Compensation for personal services. — Among the ordinary and necessary expenses paid or...included a reasonable allowance for salaries or other compensation for personal services actually rendered. The test of deducibility in the case of compensation... | |
 | Emerson Emanuel Rossmoore - Income tax - 1922 - 592 pages
...allowed as a deduction from gross income for the years in question. REFERENCE : Art. 105, Regulations 62: "Among the ordinary and necessary expenses paid or...included a reasonable allowance for salaries or other compensation for personal services actually rendered. The test of deductibility in the ease of compensation... | |
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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. 
