 | United States. Tax Court - 1973 - 908 էջ
...meaning where no tax plan is involved. We gain some help from the language of the statute. The language "property to which the taxpayer has not taken or is not taking title" (emphasis added) appears clearly enough to indicate that Congress had in mind an ongoing process in... | |
 | United States. Congress. Senate. Committee on Labor and Public Welfare - 1972 - 1200 էջ
...162(a), "There shall be allowed as a deduction ... (3) rentals or other payments required to be made as a condition to the continued use or possession, for...purposes of the trade or business, of property to which taxpayer hoi not laten or is not taking title or in which he has no equity." (Emphasis added.) M &... | |
 | United States. Tax Court - 1973 - 912 էջ
...ordinary and necessary business expenses. Section 162(a) allows a deduction for certain business expenses including "rentals or other payments required to be...is not taking title or in which he has no equity." However, "The mere transfer of legal title to property * * * is not conclusive for Federal income tax... | |
 | United States. Tax Court - 1974 - 918 էջ
...meaning where no tax plan is involved. We gain some help from the language of the statute. The language "property to which the taxpayer has not taken or is not taking title" (emphasis added) appears clearly enough to indicate that Congress had in mind an ongoing process in... | |
 | 1967 - 682 էջ
...home in the pursuit of a trade or business; and (3) Rentals or other payments required to be made as a condition to the continued use or possession, for...is not taking title or in which he has no equity. For purposes of the preceding sentence, the place of residence of a Member of Congress (including any... | |
 | United States. Tax Court - 1977 - 1216 էջ
...business including: (3) rentals or other payments required to be made as a condition to the continued possession, for purposes of the trade or business,...is not taking title or in which he has no equity. As in the case of salary or compensation, section 162(a)(3) does not specifically limit deductions... | |
 | United States. Court of Claims, Audrey Bernhardt - 1963 - 768 էջ
...home in the pursuit of a trade or business ; and rentals or other payments required to be made as a condition to the continued use or possession, for...taking title or in which he has no equity. ***** (2) Non-trade or non-business expenses. In the case of an individual, all the ordinary and necessary expenses... | |
 | United States. Congress. Senate. Committee on Labor and Public Welfare - 1972 - 1564 էջ
...condition to the continued use or possession, for purposes of the trade or business, of property to which taxpayer has not taken or is not taking title or in which he bat no equity." (Emphasis added.) M 6 V Gear Co., 54 TC 385 (1970). AGRICULTURAL ACCOUNTING 135« tax-gimmick... | |
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... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity... 
