
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 26USC176]

 
                     TITLE 26--INTERNAL REVENUE 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
 
Sec. 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, Sec. 210(a), 68 Stat. 1096.)
