American Federal Tax Reports, Volume 27Prentice-Hall, 1942 |
From inside the book
Results 1-3 of 81
Page 220
4. Internal revenue -558 Business expenses must be both ordin- ary and necessary to warrant deduction from taxpayer's income as " ordinary and necessary expenses " . Revenue Act 1934 , § 23 ( a ) , 26 U.S.C.A. Int . Rev. Code , § 23 ( a ) ...
4. Internal revenue -558 Business expenses must be both ordin- ary and necessary to warrant deduction from taxpayer's income as " ordinary and necessary expenses " . Revenue Act 1934 , § 23 ( a ) , 26 U.S.C.A. Int . Rev. Code , § 23 ( a ) ...
Page 329
... expenses , are not deductible from gross income . " If this is a valid and applicable regula- tion , the sums in question were not deduct- ible as " ordinary and necessary expenses " under § 23 ( a ) , since they clearly run afoul of ...
... expenses , are not deductible from gross income . " If this is a valid and applicable regula- tion , the sums in question were not deduct- ible as " ordinary and necessary expenses " under § 23 ( a ) , since they clearly run afoul of ...
Page 566
... Expenses Paid from Receipts be- fore Deposit , Net ..... Total Deductions Net Income from Billiard Parlor .... Gross Income from Tip Boards , etc. Expenses ( Check Disbursements ) : Supplies and Expenses .... $ 440.87 Supplies 834.01 ...
... Expenses Paid from Receipts be- fore Deposit , Net ..... Total Deductions Net Income from Billiard Parlor .... Gross Income from Tip Boards , etc. Expenses ( Check Disbursements ) : Supplies and Expenses .... $ 440.87 Supplies 834.01 ...
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action affirmed Agricultural Adjustment Act allowed amended amount Anheuser-Busch appellee assessed Asst bank basis beneficiary Bevo Board of Tax bonds cash certiorari Circuit Court Circuit Judge claim for refund Code Commis Commissioner of Internal Company computing corporation cost Court of Appeals death debts decedent deduction deficiency definitions denatured alcohol determined District Court dividend estate tax excess profits taxes executors F.Supp fact filed fund gift tax grantor held Helvering income tax interest Internal revenue judgment L.Ed lease liability loss ment mortgage net income payer payment Permanent Edition petition for review petitioner plaintiff question received regulations Rev.Acts Revenue Act 1934 S.Ct Section securities settlor Sewall Key shares sioner Stat statute stockholders supra Supreme Court Tax Appeals taxable taxes paid taxpayer tion transfer trust trust instrument U. S. Atty United States Board wife Words and Phrases