TaxationAppleton, 1927 - 257 pages |
From inside the book
Results 1-5 of 57
Page 34
... - son , the proceeds are not considered as a part of the gross estate . Thus where a wife insures the life of her husband and pays the premium out of her own personal estate the Federal estate tax is not applicable . Like- 34 TAXATION.
... - son , the proceeds are not considered as a part of the gross estate . Thus where a wife insures the life of her husband and pays the premium out of her own personal estate the Federal estate tax is not applicable . Like- 34 TAXATION.
Page 87
... husband to which the wife is entitled by law . Curtesy , or the estate to which the husband of a de- ceased wife is entitled , is not always so favorably treated in the tax laws . Joint Interests Joint ownership and joint tenancies are ...
... husband to which the wife is entitled by law . Curtesy , or the estate to which the husband of a de- ceased wife is entitled , is not always so favorably treated in the tax laws . Joint Interests Joint ownership and joint tenancies are ...
Page 130
... Husband , wife , lineal issue , lineal ancestor of the decedent , or any child adopted as such in conformity with the laws of the state , or any child to whom such decedent for not less than 10 years prior to such transfer stood in the ...
... Husband , wife , lineal issue , lineal ancestor of the decedent , or any child adopted as such in conformity with the laws of the state , or any child to whom such decedent for not less than 10 years prior to such transfer stood in the ...
Page 134
... husband , wife , child , wife or widow of a son , or the husband of a daughter , or any child or children adopted as such in conformity with the laws of the state of the decedent , grantor , donor , or vendor , or to any child to whom ...
... husband , wife , child , wife or widow of a son , or the husband of a daughter , or any child or children adopted as such in conformity with the laws of the state of the decedent , grantor , donor , or vendor , or to any child to whom ...
Page 137
... husband but to go , pass , or be transferred to her for val- uable and adequate consideration and is not subject to the provisions of the inheritance tax law . Exemptions The following exemptions from the tax are allowed : 1. All ...
... husband but to go , pass , or be transferred to her for val- uable and adequate consideration and is not subject to the provisions of the inheritance tax law . Exemptions The following exemptions from the tax are allowed : 1. All ...
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Common terms and phrases
allowed each beneficiary amount in excess amounts received annual apply cash cent per annum chapter charitable classes of beneficiaries contemplation of death cost death duties decedent's deductible exemption Discount and Interest dividends donor effect in possession Endowment Policies entirely exempt estate tax law exceed exceeding executor February 28 Federal estate tax Federal income tax ficiaries gift grantor gross estate gross income gross taxable estate husband Illinois included income tax law inheritance tax law installments insurance companies Insurance payable insurance policies insurance proceeds interest therein intestate laws levied lineal descendant ment net estate Nonresident Decedents North Dakota payments Pennsylvania personal property policies paid policyholders premiums paid present value present worth Property Subject providing Rates of Tax real estate real property reported residuary estate specifically named beneficiary subject to tax surance tangible tax is imposed tax purposes taxable income taxation theory tion trust worth of $1
Popular passages
Page 125 - The amount of all bequests, legacies, devises, or transfers, to or for the use of the United States, any State, Territory, any political subdivision thereof, or the District of Columbia, for exclusively public purposes, or to or for the use of any corporation organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes...
Page 34 - To the extent of the amount receivable by the executor as insurance under 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 111 - States by such trustee or trustees, or by such fraternal society, order, or association, exclusively for religious, charitable, scientific; literary, or educational purposes, or for the prevention of cruelty to children or animals...
Page 205 - The amount received by the insured as a return of premium or premiums paid by him under life insurance, endowment, or annuity contracts, either during the term or at the maturity of the term mentioned in the contract or upon surrender of the contract...
Page 237 - ... (b) To the extent of any interest therein of which the decedent has at any time made a transfer, or with respect to which he has created a trust, in contemplation of or intended to take effect in possession or enjoyment at or after his death, except in case of a bona fide sale for a fair consideration in money or money's worth.
Page 237 - When the transfer is of property made by a resident or by a nonresident when such nonresident's property is within this state, by deed, grant, bargain, sale or gift made in contemplation of the death of the grantor, vendor or donor, or intended to take effect in possession or enjoyment at or after such death.
Page 237 - Whenever property is held in the jomt name« of two or more persons, or as tenante by the entirety, or is deposited in banks or other institutions or depositaries in the joint names of two or more persons and payable to either or the survivor, upon the death of one of such persons the right of the surviving...
Page 179 - ... father, mother, husband, wife, child, brother, sister, wife or widow of a son or the husband of a daughter...
Page 243 - State, or by deed, grant, sale or gift made or intended to take effect in possession or enjoyment after the death of the grantor...
Page 109 - ... for religious, charitable, scientific, or educational purposes, or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private stockholder or individual, or to the special fund for vocational rehabilitation...