 All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered...  American Medical Association Bulletin - Page 152by American Medical Association - 1925Full view - About this book
 | Emerson Emanuel Rossmoore - Income tax - 1922 - 592 pages
...States, determined under the provisions of section 217. DEDUCTIONS ALLOWED INDIVIDUALS SEC. 214. (a) That in computing net income there shall be allowed...including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount... | |
 | United States - Law - 1922 - 1028 pages
...corporations, (a) That in computing the net income of a corporation subject to the tax imposed by section 2oO there shall be allowed as deductions : (1) All the...including a reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments required... | |
 | New York (State). Supreme Court. Appellate Division - Law reports, digests, etc - 1922 - 1182 pages
...deductions to be made from the gross income to arrive at the net income and includes in subdivision 1 " all the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered," etc. The words " paid or incurred " have a meaning... | |
 | Thomas Conyngton, Robert Joseph Bennett, Paul Whittier Pinkerton - Corporation law - 1922 - 1722 pages
...deductions: (i) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal sen-ices actually rendered. This would seem to prevent, and was intended... | |
 | Irving Bank. Columbia Trust Company - Income tax - 1923 - 148 pages
...States, determined under the provisions of section 217. DEDUCTIONS ALLOWED INDIVIDUALS SEC. 214. (a) That in computing net income there shall be allowed...including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount... | |
 | United States. Congress. House. Committee on Ways and Means - Finance - 1923 - 256 pages
...determined under the provisions of section 217. Act of 1918. DEDUCTIONS ALLOWED INDIVIDUALS. Sec. 214. (a) That in computing net income there shall be allowed...including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount... | |
 | United States. Congress. Senate. Committee on the Judiciary - Child labor - 1923 - 144 pages
...expenses, including rentals, cost of repairs, and maintenance, heat, power, insurance, management, and a reasonable allowance for salaries or other compensations for personal services actually rendered, and for depreciation ; (e) Interest paid within the taxable year on debts or loans contracted to meet... | |
 | United States. Congress. Senate. Committee on the Judiciary - 1923 - 138 pages
...expenses, including rentals, cost of repairs, and maintenance, heat, power, insurance, management, and a reasonable allowance for salaries or other compensations for personal services actually rendered, and for depreciation ; (c) Interest paid within the taxable year on debts or loans contracted to meet... | |
 | North Dakota - Session laws - 1923 - 634 pages
...deductions: (1) All the ordinary and necessary expenses paid during the income year in the carrying on of any trade or business including a reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments required... | |
 | Eric Louis Kohler - Accounting - 1924 - 514 pages
...States, determined under the provisions of section 217. DEDUCTIONS ALLOWED INDIVIDUALS Sec. 214. (a) That in computing net income there shall be allowed...including a reasonable allowance for salaries or other compensation for personal services actually rendered ; traveling expenses (including the entire amount... | |
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