26 USC 176 - Payments With Respect to Employees of Certain Foreign Corporations

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.)

Sections:  Previous  169  170  171  172  173  174  175  176  178  179  179A  179B  179C  179D  179E  Next

Last modified: October 26, 2015