...the officers and employees in question, quoted section 23 (a) (1) (A) of the Internal Revenue Code that there shall be allowed as a deduction, "All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including...

...certain schools for a teacher of social studies at the junior high school level. OPINION Section 162 (a) provides that there shall be allowed as a deduction all the "ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business."...

...Code. Section 162 (a) of the Code provides, in effect, that in computing taxable income there shall be allowed as a deduction all the ordinary and necessary...year in carrying on any trade or business. Section 1.162-5 (b) of the regulations provides, in part, that expenditures made for education required or...

...expenses (including traveling expenses) incurred by teachers while on sabbatical leave. Section 162 (a) of the Code provides that there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business. Among...

...uniform basis from each club during the sports season. Section 162 (a) of the Code provides, in part, that there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in cpTying on any trade or business. Direct...

...payments made to the bank in 1966 and 1967 of the face amount of the note (50a? dollars). Section 163 of the Code provides that there shall be allowed as a deduction all interest paid or accrued within the taxable year on indebtedness. In order for an "indebtedness'*...

...of the loan is commonly referred to both as a "loan placement fee" and as "points". Section 163 (a) of the Code provides that there shall be allowed as a deduction all interest paid or accrued within the taxable year on indebtedness. In order for a taxpayer to deduct...

...39.112(f)-l(c)(8) of Eegulations 118. Section 23 (a) of the 1939 Code and section 162 of the 1954 Code provide that there shall be allowed as a deduction, all the...year in carrying on any trade or business. Section 39 .23 (a) (1) of Eegulations 118, in enumerating deductible expenses, includes premiums against fire,...

...entire $45,000.00 from gross income during the taxable year of 1954 : Section 162—"There shall be allowed as a deduction all the ordinary and necessary...in carrying on any trade or business, —" Section 212—"In the case of an individual, there shall be allowed as a deduction all of the ordinary and...

...to the entire lease term. Section 162 (a) of the Internal Revenue Code of 1954 provides, in general, that there shall be allowed as a deduction all the...year in carrying on any trade or business. Section 1.162-1 (a) of the Income Tax Regulations provides, in part, that among the items included in business...