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. Compilation of the Social Security Laws - Page 313by United States. Congress. House. Committee on Ways and Means - 1961 - 504 pagesFull view - About this book
| United States. Congress. Senate. Committee on Labor and Public Welfare - 1972 - 1564 pages
...Comm'r, 379 F.2d 252 (2d Cir. 1967). «•IRC §162(a), "There shall be allowed as a deduction ... (3) rentals or other payments required to be made...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... | |
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