TN 12 (09-90)

RS 01802.001 Trade or Business — General Policy

Sec. 211(c) of the Act provides that the term “trade or business” shall have the same meaning as when used in sec. 162 of the Internal Revenue Code (IRC).

Although the IRC does not define the term “trade or business”, certain criteria have been set forth in court decisions and IRS rulings for determining whether a trade or business exists.


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0301802001
RS 01802.001 - Trade or Business -- General Policy - 08/11/1997
Batch run: 01/27/2009
Rev:08/11/1997