TaxationAppleton, 1927 - 257 pages |
From inside the book
Results 1-5 of 22
Page 16
... rule in the field of inheritance taxation . In some states complete exemption is provided in the inheritance tax laws , but usually it is a matter of in- terpretation of the legal relationship between the in- surer and the beneficiary ...
... rule in the field of inheritance taxation . In some states complete exemption is provided in the inheritance tax laws , but usually it is a matter of in- terpretation of the legal relationship between the in- surer and the beneficiary ...
Page 25
... rule , these fees are nominal and yet serve to keep the agents within the scope of state supervision . This advantage more than offsets what- ever objections might be raised against the tax . Tax for Filing Statements Ordinarily a fee ...
... rule , these fees are nominal and yet serve to keep the agents within the scope of state supervision . This advantage more than offsets what- ever objections might be raised against the tax . Tax for Filing Statements Ordinarily a fee ...
Page 31
... to March 1 , 1913 , all of the foregoing rules are applicable excepting that the cash surrender value as of that date may be deducted from the gross proceeds of the policy . This is because POLICIES PAID IN A SINGLE SUM 31.
... to March 1 , 1913 , all of the foregoing rules are applicable excepting that the cash surrender value as of that date may be deducted from the gross proceeds of the policy . This is because POLICIES PAID IN A SINGLE SUM 31.
Page 43
... rule is that if the proceeds are not receivable by the administrator in his official capacity there is no tax . A few states do not tax life insurance proceeds regardless of the method of naming the beneficiaries . Thus it can be seen ...
... rule is that if the proceeds are not receivable by the administrator in his official capacity there is no tax . A few states do not tax life insurance proceeds regardless of the method of naming the beneficiaries . Thus it can be seen ...
Page 53
... rule is the same as that of the Federal law , namely , that all amounts received in excess of the aggregate premiums paid is to be reported for income tax purposes . CHAPTER VI TAXATION OF ANNUITIES In so far as this POLICIES PAID IN ...
... rule is the same as that of the Federal law , namely , that all amounts received in excess of the aggregate premiums paid is to be reported for income tax purposes . CHAPTER VI TAXATION OF ANNUITIES In so far as this POLICIES PAID IN ...
Contents
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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 nameĢ 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...