26 U.S.C. § 176
§ 176. Payments with respect to employees of certain foreign corporations
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History
Added in 1954 by the Internal Revenue Code of 1954 (original text). Unchanged since the 1954 code.
Every change, newest first (1)
- September 1, 1954Internal Revenue Code of 1954 (original text) · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
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.