 | United States. Court of Claims - Law reports, digests, etc - 1948 - 886 pages
...798, 819) whicn provides for the allowance as deductions of nontrade or nonbusiness expenses paid or incurred for the production or collection of income, or for the management, conservation or maintenance of property held for the production of income, where taxpayer and the Commissioner of Internal... | |
 | Corporations - 1951 - 984 pages
...excise and stamp taxes are deductible only if paid or incurred in carrying on a trade or business, or In the production or collection of income, or for the management, conservation, or maintenance at property held for the production of income. Do not include taxe« assessed against local... | |
 | Administrative law - 1939 - 1522 pages
...incurred during the taxable year in carrying on any trade or business, or, in the case of an individual, eted;" liquidating corporation or by the shareholder. (E) Noncorporate shareholder maintenance of property held for the production of income. (See §29.23 (a)-l.) [TD 5371, May 11, 1944,... | |
 | United States - Law - 1953 - 1744 pages
...of an individual, all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income. (b) Interest. All interest paid or accrued... | |
 | United States. Congress. Senate. Committee on Finance - Finance - 1942 - 1328 pages
...case of an individual all the ordinary and necessary expenses paid or incurred during a taxable year for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income, are deductible in ascertaining the net income.... | |
 | United States. U.S. Congress. Senate. Committee on finance - 1942 - 1386 pages
...case of an individual all the ordinary and necessary expenses paid or incurred during a taxable year for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income, are deductible in ascertaining the net income.... | |
 | United States. Tax Court - Law reports, digests, etc - 1943 - 1262 pages
...engaged in a trade or business would not deny him the benefit of a deduction for expenses "paid * * * for the production or collection of income, or for the management, conservation or maintenance of property held for the production of income." However, we have no doubt 'that it was... | |
 | United States. Supreme Court - Taxation - 1945 - 446 pages
...of an individual, all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income.*' Prior to the enactment of this section,... | |
 | United States, Walter Elbert Barton - Gifts - 1944 - 1286 pages
...of an individual, all the ordinary and necessary expenses paid nr incurred during the taxable year for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income. Sec. 23 (a), IRC, supra, amended by Sec.... | |
| |
NON-TRADE OR NON-BUSINESS EXPENSES. — In the case of an individual, all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income, or for the management, conservation, or maintenance of property... 
