§ 176. - Payments With Respect to Employees of Certain Foreign Corporations

26 U.S.C. § 176
in: § 176. - Payments With Respect to Employees of Certain Foreign Corporations
Previous § 175. - Soil and Water Conservation Expenditures; Endangered Species Recovery ExpendituresNext § 177. - Repealed. Pub. L. 99–514, Title Ii, § 241(a), Oct. 22, 1986, 100 Stat. 2181

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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