Internal Revenue Code · 26 U.S.C.
§ 176. Payments with respect to employees of certain foreign corporations
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 176
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Length
- 86 words · about 1 min to read
- Cross-references
- cites 1; cited by 0 Code sections and 1 other regulation
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.)
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
This section cites 1 other section
Cited in 1 regulation not issued under it
Where it sits in the Code
- Subtitle A Income Taxes
- Chapter 1 NORMAL TAXES AND SURTAXES
- Subchapter B Computation of Taxable Income
- Part VI ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS
Nearby sections
- § 173 Circulation expenditures
- § 174 Amortization of research and experimental expenditures
- § 174A Domestic research or experimental expenditures
- § 175 Soil and water conservation expenditures; endangered species recovery expenditures
- § 176 Payments with respect to employees of certain foreign corporations
- § 177 Repealed
- § 178 Amortization of cost of acquiring a lease
- § 179 Election to expense certain depreciable business assets
- § 179A Repealed