Reports of the U.S. Board of Tax Appeals, Volume 39U.S. Government Printing Office, 1939 - Taxation |
From inside the book
Results 1-5 of 100
Page 10
... fund of approximately $ 135,000 , but asserted that no part of such trust fund was subject to inclusion as gross estate of decedent . The Commissioner included as gross estate trust assets which had a value of $ 135,997.20 at the date ...
... fund of approximately $ 135,000 , but asserted that no part of such trust fund was subject to inclusion as gross estate of decedent . The Commissioner included as gross estate trust assets which had a value of $ 135,997.20 at the date ...
Page 11
... fund is to be paid to settlor during her life ; yet , the trust shall cease upon death of any two of settlor's three children , and the trust fund shall be paid absolutely to the last survivor of the three children . It is not stated ...
... fund is to be paid to settlor during her life ; yet , the trust shall cease upon death of any two of settlor's three children , and the trust fund shall be paid absolutely to the last survivor of the three children . It is not stated ...
Page 12
... fund . In elvering v . St. Louis Union Trust Co. , supra , there was a definite provision for reversion to grantor , if a beneficiary predeceased settlor , while here the reversion would be because of lack of provision as to dis ...
... fund . In elvering v . St. Louis Union Trust Co. , supra , there was a definite provision for reversion to grantor , if a beneficiary predeceased settlor , while here the reversion would be because of lack of provision as to dis ...
Page 96
... fund charges on an appropriation made by Congress in the National Indus- trial Recovery Act . The amendments to the 1932 Act were extensive and , in particular , the income tax provisions relating to domestic cor- porations were ...
... fund charges on an appropriation made by Congress in the National Indus- trial Recovery Act . The amendments to the 1932 Act were extensive and , in particular , the income tax provisions relating to domestic cor- porations were ...
Page 134
... fund for the payment , at the end of each year to members of the Faculty , of a percentage of the earnings as compensation for their services in addition to their fixed salaries , which per- centage shall be fixed by the partnership ...
... fund for the payment , at the end of each year to members of the Faculty , of a percentage of the earnings as compensation for their services in addition to their fixed salaries , which per- centage shall be fixed by the partnership ...
Other editions - View all
Common terms and phrases
agreed amount Anglo-Chilean applied assets assignment basis beneficiary Board bonds capital cash certificate certiorari claim class A stock COMMISSIONER OF INTERNAL common stock contract corporation corpus Court decedent December December 31 decision deduction deficiency determined distribution dividends Docket employees entitled estate tax exchange executed Executors February 14 filed FINDINGS OF FACT follows fund Gershom Mott grantor Gregg County gross estate gross income Guggenheim held Helvering included income tax income tax return interest INTERNAL REVENUE Investment issue Lautaro lease liability loans loss ment Motors Securities National Bank net income nitrate old firm opinion paid parties partners partnership payable payment percent peti petitioner petitioner's preferred stock principal prior profits purchase question received respondent Revenue Act settlor shares statute stipulated stockholders supra taxable taxpayer thereof tion tioner transfer trust income trust instrument wife York
Popular passages
Page 641 - ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity...
Page 348 - ... or of which he has at any time made a transfer, by trust or otherwise, under which he has retained for his life or for any period not ascertainable without reference to his death or for any period which does not in fact end before his death (1) the possession or enjoyment of, or the right to the income from, the property...
Page 371 - Amounts received under a life insurance contract paid by reason of the death of the insured, whether in a single sum or otherwise (but if such amounts are held by the insurer under an agreement to pay interest thereon, the interest payments shall be included in gross income); (2) ANNUITIES, ETC. — Amounts received (other than amounts paid by reason of the death of the insured...
Page 24 - ... where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power...
Page 357 - INCOME. The net income of the estate or trust shall be computed in the same manner and on the same basis as in the case of an individual...
Page 241 - Where at any time the power to revest in the grantor title to any part of the corpus of the trust is vested — (1) in the grantor, either alone or in conjunction with any person not having a substantial adverse interest...
Page 790 - Gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property...
Page 213 - In the case of a taxpayer, other than a corporation, only the following percentages of the gain or loss recognized upon the sale or exchange of a capital asset shall be taken into account...
Page 348 - To the extent of the amount receivable by the executor as insurance under the policies taken out by the decedent upon his own life; and to the extent of the excess over $40,000 of the amount receivable by all other beneficiaries as insurance under policies taken out by the decedent upon his own life.
Page 394 - ... (b) Interest. — All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this title.