Other editions - View all
Common terms and phrases
advise amount association Attorney audit BALLANTINE bankers basis beneficiaries bill Board of Tax Bureau of Internal certificate holders Chairman charges Congress corporations course court currency December December 17 depositor deposits fact Federal reserve act Federal reserve banks Federal Reserve Board Federal reserve notes Federal reserve system financing foreign steamship companies funds GARNER gentleman gold hear Hoover moratorium House of Representatives income tax Internal Revenue investigation investment trusts issued L. T. MCFADDEN letter matter Mellon member banks ment MEYER MICHENER November 21 O'CONNOR OGDEN L Olson opinion paid PATMAN pending present provisions PURNELL quasi corporate question RANSLEY Reconstruction Finance Corporation record referred refunds resolution revenue act Rules Committee Secretary securities Speaker statement strict trust Tax Appeals taxpayers termination tion Treasury Department United States Board United States Government United States Treasury vote Washington
Popular passages
Page 41 - Income received by estates of deceased persons during the period of administration or settlement of the estate; and (4) Income which, in the discretion of the fiduciary, may be either distributed to the beneficiaries or accumulated.
Page 2 - For the purpose of any such investigation, the Committee on UnAmerican Activities, or any subcommittee thereof, is authorized to sit and act at such times and places within the United States, whether or not the House is sitting, has recessed, or has adjourned, to hold such hearings, to require the attendance of such witnesses and the production of such books, papers, and documents, and to take such testimony, as it deems necessary.
Page 100 - Whereas it is deemed advisable to gather the facts bearing on the aforesaid conditions and charges or in any way relating thereto or to any of the subjects above mentioned as a basis for remedial and other legislative purposes: Therefore be it "Resolved, That the Members now or hereafter constituting the Committee on Banking and Currency, by a subcommittee consisting of the eleven members thereof already appointed under H.
Page 10 - Government board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt.
Page 41 - In the discretion of the fiduciary, may be either distributed to the beneficiary or accumulated, there shall be allowed as an additional deduction in computing the net income of the estate or trust the amount of the income of the estate or trust for its taxable year, which is properly paid or credited during such year to any legatee, heir, or beneficiary...
Page 2 - Congress; to require by subpena or otherwise the attendance of such witnesses and the production of such books, papers, and documents; to administer oaths; to take such testimony; to have such printing and binding done; and to make such expenditures within the amount appropriated therefor; as it deems advisable.
Page 2 - Resolved, That there is hereby created a select committee to be composed of five Members of the House of Representatives to be appointed by the Speaker, one of whom he shall designate as chairman. Any vacancy occurring in the membership of the committee shall be filled in the same manner in which the original appointment was made. The committee is authorized and directed...
Page 2 - States, whether the House is in session, has recessed, or has adjourned, to hold such hearings, and to require by subpena or otherwise the attendance and testimony of such witnesses and the production of such books, records, correspondence...
Page 42 - Every fiduciary (except a receiver appointed by authority of law in possession of part only of the property of an individual) shall make under oath a return for any of the following individuals, estates, or trusts for which he acts, stating specifically the items of gross income thereof and the deductions and credits allowed under this title...
Page 5 - It is of the utmost importance to the people of the United States...