§ 212. Expenses for production of income
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/usc/title-26/section-212A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year—
(1)for the production or collection of income;
(2)for the management, conservation, or maintenance of property held for the production of income; or
(3)in connection with the determination, collection, or refund of any tax.
(Aug. 16, 1954, ch. 736, 68A Stat. 69.)
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- Public Law 96–364To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1954 to improve retirement income security under private multiemployer pension plans by strengthening the funding requirements for those plans, to authorize plan preservation measures for financially troubl
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- Aug. 16, 1954, ch. 736
- 68A Stat. 69
- section 208(b) of Pub. L. 94–12
- section 208(c) of Pub. L. 94–12
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§ 212
Expenses for production of income
Stat.×9
Fed. Reg.×1
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 69
Pub. L.section 208(b) of Pub. L. 94–12
Pub. L.section 208(c) of Pub. L. 94–12
Cites 5Cited by 10 across 2 sources