§ 176. Payments with respect to employees of certain foreign corporations
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/usc/title-26/section-176A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the case of a domestic corporation, there shall be allowed as a deduction amounts (to the extent not compensated for) paid or incurred pursuant to an agreement entered into under section 3121(l) with respect to services performed by United States citizens employed by foreign subsidiary corporations. Any reimbursement of any amount previously allowed as a deduction under this section shall be included in gross income for the taxable year in which received.
(Added Sept. 1, 1954, ch. 1206, title II, § 210(a), 68 Stat. 1096.)
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- Sept. 1, 1954, ch. 1206
- 68 Stat. 1096
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§ 176
Payments with respect to employees of certain foreign corporations
Stat.×1
ActSept. 1, 1954, ch. 1206
Stat.68 Stat. 1096
Cites 2Cited by 1 across 1 source