...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...

...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...

...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, . . . (11) Contributions or gifts made within the taxable year to or for the use of . . ....

...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...

...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...

...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...

...follows. The portion in italics Is that which we desire to have Inserted: " SEC. 214. (a) In computing net & B s.4 Frei *c an er MD d In business ; expenses of attending meetings of oryanizationx operated erct«»ively for ••tentific...

...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,...

...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,...

...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...