Reports of the Tax Court of the United States, Volume 30U.S. Government Printing Office, 1959 - Law reports, digests, etc |
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Results 1-5 of 100
Page 9
... wife , and by a credible witness , formerly the third member of the board of directors of Dew Corporation , who at ... wife urged him to do so for reasons of health . It may be , as is sug- gested on brief , that petitioners merely ...
... wife , and by a credible witness , formerly the third member of the board of directors of Dew Corporation , who at ... wife urged him to do so for reasons of health . It may be , as is sug- gested on brief , that petitioners merely ...
Page 103
... wife and his descendants , per stirpes . It was declared to be irrevocable . It was to terminate on the last to occur of ( 1 ) the death of his wife , Helen L. Kasch , or ( 2 ) 7 years from the date of the trust . For the first 21 years ...
... wife and his descendants , per stirpes . It was declared to be irrevocable . It was to terminate on the last to occur of ( 1 ) the death of his wife , Helen L. Kasch , or ( 2 ) 7 years from the date of the trust . For the first 21 years ...
Page 107
... wife , or any child or grandchild of the donor , suffer any period of illness or other incapacity or make any request for a distribution of principal . The trust was declared to be irrevocable . It was to con- tinue for a period of 7 ...
... wife , or any child or grandchild of the donor , suffer any period of illness or other incapacity or make any request for a distribution of principal . The trust was declared to be irrevocable . It was to con- tinue for a period of 7 ...
Page 108
... wife in 1935 created three lifetime trusts for the benefit of their three granddaughters , respectively . Each trust pro- vided that until the beneficiary reached the age of 25 , the trustees ( consisting of decedent , his wife , and ...
... wife in 1935 created three lifetime trusts for the benefit of their three granddaughters , respectively . Each trust pro- vided that until the beneficiary reached the age of 25 , the trustees ( consisting of decedent , his wife , and ...
Page 129
... wife , either as tenants in common or as joint tenants , is community property . It is my intention to dispose not only of all property which I am entitled to dispose of by will , including my separate estate and my share of the ...
... wife , either as tenants in common or as joint tenants , is community property . It is my intention to dispose not only of all property which I am entitled to dispose of by will , including my separate estate and my share of the ...
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Common terms and phrases
acquired additional agreed agreement Allis Corporation allowed amount assets bank base period basis Bausch & Lomb beneficiary bonds capital gain cash cent cigarette paper claimed common stock Company computing contract cost Court debts decedent December 31 deduction deficiency depreciation directors distribution dividends Docket earnings employees entitled excess profits tax expenses Federal filed FINDINGS OF FACT follows franchise gross income held hereinafter Hoguet income tax income tax return installment interest Internal Revenue Code issue J. I. Morgan January lease liability loan ment mill mortgage net income ordinary income paid parties payable payments peti petitioner petitioner's preferred stock prior production pulp purchase purposes pursuant quartzite received rental respect respondent determined respondent's Riggs section 23 sell shareholders shares sold stipulated stockholders supra taxable taxpayer tion tioner trade or business transaction transfer Trianon trust trust instrument United wife
Popular passages
Page 128 - All other property acquired after marriage by either husband or wife, or both, including real property situated in this state, and personal property wherever situated, heretofore or hereafter, acquired while domiciled elsewhere, which would not have been the separate property of either if acquired while domiciled in this state, is community property...
Page 312 - In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation of improvements, according to the peculiar conditions in each case...
Page 939 - For purposes of this section, the term "collapsible corporation" means a corporation formed or availed of principally for the manufacture, construction, or production of property, for the purchase of property which (In the hands of the corporation) is...
Page 228 - An exemption of $50,000; (b) In the case of a nonresident, by deducting from the value of that part of his gross estate which at the time of his death is situated in the United States...
Page 312 - In the case of property held in trust, the allowable deduction shall be apportioned between the income beneficiaries and the trustee in accordance with the pertinent provisions of the instrument creating the trust, or, in the absence of such provisions, on the basis of the trust income allocable to each.
Page 30 - permanent establishment" when used with respect to an enterprise of one of the contracting parties means a branch, management, factory or other fixed place of business, but does not include an agency unless the agent has, and habitually exercises, a general authority to negotiate and conclude contracts on behalf of such enterprise or has a stock of merchandise from which he regularly fills orders on its behalf.
Page 528 - If a corporation cancels or redeems its stock (whether or not such stock was issued as a stock dividend) at such time and in such manner as to make the distribution and cancellation or redemption in whole or in part essentially equivalent to the distribution of a taxable dividend...
Page 597 - No gain or loss shall be recognized if stock or securities in a corporation a party to a reorganization are, in pursuance of the plan of reorganization, exchanged solely for stock or securities in such corporation or in another corporation a party to the reorganization.
Page 372 - ... such timber, and the adjusted depletion basis thereof, shall be considered as though it were a gain or loss, as the case may be, on the sale of such timber.
Page 693 - The liability, at law or in equity, of a transferee of property of a taxpayer, in respect of the tax (including interest, additional amounts, and additions to the tax provided by law) imposed upon the taxpayer by this title or by any prior income, excess-profits, or war-profits tax Act.