Reports of the Tax Court of the United States, Volume 3U.S. Government Printing Office, 1945 - Law reports, digests, etc Final issue of each volume includes table of cases reported in the volume. |
From inside the book
Results 1-5 of 100
Page 47
... distributed $ 200,000 to the Joseph B. Whitehead Foundation , and during 1939 a total of $ 966,238.65 . The first distribution was made pursuant to a resolution adopted by the trustees of the Joseph B. Whitehead Foundation on December ...
... distributed $ 200,000 to the Joseph B. Whitehead Foundation , and during 1939 a total of $ 966,238.65 . The first distribution was made pursuant to a resolution adopted by the trustees of the Joseph B. Whitehead Foundation on December ...
Page 70
... distribution were insufficient to pay the deficiency of each such transferor plus the full amount of the interest thereon . To state the proposition differently , petitioner , as stock- holder of the dissolved corporations , had been ...
... distribution were insufficient to pay the deficiency of each such transferor plus the full amount of the interest thereon . To state the proposition differently , petitioner , as stock- holder of the dissolved corporations , had been ...
Page 73
... distributed to him and his brother Lawrence in equal shares in 1931 ; ( 2 ) $ 245.85 interest paid in satisfaction of ... distribution was accomplished , and on October 13 , 1931 , the 1 The first question presented is whether that part ...
... distributed to him and his brother Lawrence in equal shares in 1931 ; ( 2 ) $ 245.85 interest paid in satisfaction of ... distribution was accomplished , and on October 13 , 1931 , the 1 The first question presented is whether that part ...
Page 74
... distribution of the residuary estate equally between them . Ralph Green had in a prior year , and as beneficiary , received one - fourth of the assets of the estate of his wife . After such distribution the estate had assets of only ...
... distribution of the residuary estate equally between them . Ralph Green had in a prior year , and as beneficiary , received one - fourth of the assets of the estate of his wife . After such distribution the estate had assets of only ...
Page 82
... distribution . That in- terest accrued upon an indebtedness of the estates . The petitioners received the distributions from the estates subject to a charge for interest accrued to the dates of transfer . We think it equally clear that ...
... distribution . That in- terest accrued upon an indebtedness of the estates . The petitioners received the distributions from the estates subject to a charge for interest accrued to the dates of transfer . We think it equally clear that ...
Contents
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547 | |
548 | |
571 | |
626 | |
644 | |
831 | |
875 | |
187 | |
203 | |
219 | |
230 | |
231 | |
251 | |
281 | |
321 | |
328 | |
349 | |
372 | |
432 | |
917 | |
977 | |
1018 | |
1024 | |
1041 | |
1058 | |
1100 | |
1265 | |
1291 | |
1300 | |
1306 | |
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Common terms and phrases
agency seems public agree agreement amended amount assets assignment bank basis beneficiary capital capital surplus class as nontaxable Commissioner common stock Company consideration contended corporation Court debentures decedent decedent's December 31 deduction deed deficiency dividends division drilling eliminated as evidencing eminent domain enumerated and relied estate tax excess profits tax fact filed governmental power gross income Helvering holders income tax indebtedness instrumentality interest Internal Revenue Code interpretation that legislatures issue subpoenas June 25 lease liability minerals paid parties payable payment Pepsi-Cola petitioner petitioner's police officers police powers relied political sub power of eminent power of taxation power to issue preferred stock profits provisions purchase received respondent seems altogether helpful shares of common sovereign state pow statute as regular statutory interpretation stipulated stockholders subpoenas supra tax return taxable taxation specifically denied throughout later revenue transfer treasury stock trust Wichita Falls York Authority appears
Popular passages
Page 170 - 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; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and Income derived from any...
Page 434 - To the extent of any interest therein of which the decedent has at any time made a transfer, by trust or otherwise, where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power, either by the decedent alone or in conjunction with any person, to alter, amend? or revoke...
Page 449 - ... a fraternal society, order, or association operating under the lodge system, but only if such contributions or gifts are to be used by such trustee or trustees, or by such fraternal society, order, or association, exclusively for religious, charitable, scientific, literary, or educational purposes...
Page 170 - 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 309 - The amount of all such items shall be included in the gross income for the taxable year in which received by the taxpayer, unless under methods of accounting permitted under subdivision (b) of section 212, any such amounts are to be properly accounted for as of a different period...
Page 27 - ... (a) There shall be allowed as a deduction (in lieu of the deduction for charitable, etc., contributions authorized by section 23 (o)) any part of the gross income, without limitation, which pursuant to the terms of the will or deed creating the trust, is during the taxable year paid or permanently set aside...
Page 464 - ... if under the trust instrument it is impossible, at any time prior to the satisfaction of all liabilities with respect to employees and their beneficiaries under the trust, for any part of the corpus or income to be (within the taxable year or thereafter) used for, or diverted to, purposes other than for the exclusive benefit of his employees or their beneficiaries...
Page 53 - The amounts of the following liabilities shall, except as hereinafter in this section provided, be assessed, collected, and paid In the same manner and subject to the same provisions and limitations...
Page 359 - capital assets' means property held by the taxpayer (whether or not connected with his trade or business) , but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Page 285 - The gain from the sale or other disposition of property shall be the excess of the amount realized therefrom over the adjusted basis provided in section 1011 for determining gain, and the loss shall be the excess of the adjusted basis provided in such section for determining loss over the amount realized. (b) Amount realized,. The amount realized from the sale or other disposition of property...