FEDERAL · 26 U.S.C. · Chapter Subchapter B—Computation of Taxable Income
Payments with respect to employees of certain foreign corporations
26 U.S.C. § 176
This text of 26 U.S.C. § 176 (Payments with respect to employees of certain foreign corporations) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 U.S.C. § 176.
Text
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.
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Related
Haswell v. United States
500 F.2d 1133 (Court of Claims, 1974)
Source Credit
History
(Added Sept. 1, 1954, ch. 1206, title II, §210(a), 68 Stat. 1096.)
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Bluebook (online)
26 U.S.C. § 176, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/176.