 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1954 - 918 pages
...section In the same or any succeeding taxable year ; • Section 162 (c) provides : In the case of income received by estates of deceased persons during...period of administration or settlement of the estate, and In the case of Income which. In the discretion of the fiduciary, may be either distributed to the... | |
 | United States. Court of Claims - Law reports, digests, etc - 1928 - 766 pages
...every individual," and section 219 imposes the same rate of tax upon the income of estates, " including income received by estates of deceased persons " during the period of administration. Section 401 imposes a tax upon " the transfer of the net estate of every decedent " dying after the... | |
 | United States. Department of Justice - Attorneys general's opinions - 1922 - 710 pages
...211 shall apply to the income of estates or of any kind of property held in trust, including — "(1) Income received by estates of deceased persons during...period of administration or settlement of the estate ;" ******* Subsection (b) (40 Stat. 1071) provides that— " The fiduciary shall be responsible for... | |
 | Law reports, digests, etc - 1926 - 1144 pages
...and 211 shall apply to the income of estates or of any kind of property held in trust, including (1) Income received by estates of deceased persons during the period of administration or settlement of tho estate ; (2) Income accumulated in trust for the benefit of unborn or unascertained persons or... | |
 | Godfrey Nicholas Nelson - Accounting - 1917 - 218 pages
...LAW AND ACCOUNTING Income Received by Estates Salary Paid by Stock Bonuses Salaries Money Equivalent "Income received by estates of deceased persons during...normal and additional tax and taxed to their estates." This is true also of income from any kind of property held in trust, including that on accumulated... | |
 | George Edwin Holmes - Excess profits tax - 1917 - 674 pages
...Law discussed in the following paragraphs. INCOME RECEIVED DURING SETTLEMENT OF DECEDENT'S ESTATE. "Income received by estates of deceased persons, during...shall be subject to the normal and additional tax," the tax to be assessed against the executor or administrator and paid by the estate, except when the... | |
 | George Edwin Holmes - Excess profits tax - 1917 - 690 pages
...Law discussed in the following paragraphs. INCOME RECEIVED DURING SETTLEMENT OF DECEDENT'S ESTATE. "Income received by estates of deceased persons, during...shall be subject to the normal and additional tax," the tax to be assessed against the executor or administrator and paid by the estate, except when the... | |
 | Joseph Jay Scott - Electronic books - 1917 - 386 pages
...that apply in the case of individuals. 164.— ESTATE DURING SETTLEMENT. The law provides that the "income received by estates of deceased persons during the period of administration or settlement shall be subject to the normal and additional tax and taxed to the estates." In such a case the estate... | |
 | New York (State). Comptroller's Office - Finance - 1919 - 24 pages
...purpose of taxation, the income of estates and trusts may be divided into the following classes : (1) Income received by estates of deceased persons during the period of administration or settlement ; (2) Income accumulated in trust for the benefit of unborn or unascertained persons, or persons with... | |
 | United States, Guaranty Trust Company of New York - Income tax - 1918 - 148 pages
...the return of income derived from other sources. Estates and Trusts Estates in Process of Settlement Income received by estates of deceased persons during...settlement of the estate shall be subject to the normal tax and surtax. Accumulated Income Income from estates or any kind of property held in trust, including... | |
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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. 
