TAXES Continuea Fiduciaries, law in regard to income Assistance, advantages of expert, 230 Bibliography of books on, 245 Credits to which beneficiaries are en- Deductions allowed in determining Estates and trusts which cannot be Exemption for Liberty loan bonds, Gross income defined, 239 Husband, exemption allowed surviv Law, administration, 230 Losses, deductions for, 242 Net, deductions allowed in determin ing, 241 Normal tax credits, 240 Payable to date of death, 226 Payment out of, 316 Payment to date of death, 226 Pending distribution and final return, 228 Personal liability of fiduciary, 233 Two trusts, return where, 233 When tax runs against beneficiaries, When tax runs against fiduciary, 235 243 Withholding agents, fiduciaries as 244 Inheritance, Appeals from asssessment, 271 Ascertaining values, 270 Assessment, 270 Comprehensiveness, 255 Constitutional, 250 Curtesy, 260 Deductions, 276 Domicile, 267 Real estate, rule as to, 257 Special cases of, on legacies, 274 Transfers by decedent in his life- Transfers subject to, 251 Not apportioned on realty, 225 Paying due, 223-227 Personal property, 223 Preferred claim, 223 TEMPORARY ADMINISTRATION, 104 Rule as to taxation, 260 Taxability under federal estate tax, 336 When personalty pays for tax on realty, Liability of trustee for, 433 THEFT, Losses from, deductible from federal THELLUSON ACT, AGAINST PERPETUITIES, THELLUSON CASE, RULE AGAINST PER- THEORY OF INHERITANCE TAXES, 248 TRADE MONOPOLY, "TRUSTS" AS MEANING, TRANSFER AGENT, 532 (See also "Agent") TRANSFER OF PROPERTY (See "Property") Subject to inheritance tax, 251 Taxable, under federal estate tax, 332 TRIAL BALANCE, 639 TRUST COMPANIES, AS TRUSTEES, 381 (See Accounting forms, 764-769 Accounting systems in use by, 693 Form, 764-769 Administration by, 494 Agents, acting as, 507 Collateral mortgage, 522 Terminal mortgage, 522 Bond not required, 485 Bonds equal to certain percentage of |