 | Joseph Jay Scott - Electronic books - 1917 - 386 pages
...corporation subject to tax. All of them cannot be named here. But the language of the law is comprehensive. "All the ordinary and necessary expenses paid within...the maintenance and operation of its business and properties," it reads ; and the Treasury Department has interpreted the provision of the statute to... | |
 | Savings Union Bank and Trust Company - Excess profits tax - 1917 - 88 pages
...the income of a corporation received within the year, the following deductions are allowed: 1. All of the ordinary and necessary expenses paid within the...in the maintenance and operation of its business, including rentals; 2. All losses actually sustained and charged off within the year, when not compensated... | |
 | United States. Office of Commissioner of Internal Revenue - Taxation - 1917 - 308 pages
...from all sources, during the calendar year ending December 31, 1914, after deducting (1) its ordfeary and necessary expenses paid within the year in the maintenance and operation of its business and properties, and (2) all losses actually sustained within the year and not compensated by insurance... | |
 | George Edwin Holmes - Excess profits tax - 1917 - 690 pages
...non-resident aliens to business conducted within the United States) and in the case of corporations all the ordinary and necessary expenses paid within the year in the maintenance and operation of the business and properties of the corporation, including rentals or other payments required to be... | |
 | George Edwin Holmes - Excess profits tax - 1917 - 674 pages
...non-resident aliens to business conducted within the United States) and in the case of corporations all the ordinary and necessary expenses paid within the year in the maintenance and operation of the business and properties of the corporation, including rentals or other payments required to be... | |
 | Chester William Le Noir - Income tax - 1917 - 20 pages
...from the gross amount of the income received within the year from all sources — 1. All the ordinary expenses paid within the year in the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued... | |
 | Income tax - 1917 - 194 pages
...received within the year from all sources — First. All the ordinary and necessary ex- Expenses penses paid within the year in the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued... | |
 | National Bank of Commerce in New York - Income tax - 1917 - 182 pages
...within the year from all sources — First. All the ordinary and necessary ex- K.tP«n»«» penses paid within the year in the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued... | |
 | Godfrey Nicholas Nelson - Accounting - 1917 - 218 pages
...acceptability of this method to the Treasury Department. Although the law specifically limits deductions to " the ordinary and necessary expenses paid within the year in the maintenance of its business and operations," it may reasonably be assumed, by analogy, that such expenses may be... | |
 | United States. Internal Revenue Service - Income tax - 1918 - 200 pages
...by deducting from the gro amount of its income received within the year from all sources — First. All the ordinary and necessary expenses paid within...the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued... | |
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First. All the ordinary and necessary expenses paid within the year in the maintenance and operation of its business and properties, including rentals or other payments required to be made as a condition to the continued use or possession of property;... 
