A Treatise on the Law of Inheritance Taxation and the Federal Estate and Gift Taxes: With Statutes, Decisions and FormsMatthew Bender, 1925 - 1461 pages |
From inside the book
Results 1-5 of 100
Page 10
... tax could not be deducted in valuing the estate for the purpose of fixing the State tax . The Court reasons thus : " The conditions of transfer have been embodied in the statute by the Transfer Tax Law . If the Federal Government may ...
... tax could not be deducted in valuing the estate for the purpose of fixing the State tax . The Court reasons thus : " The conditions of transfer have been embodied in the statute by the Transfer Tax Law . If the Federal Government may ...
Page 14
... transfer tax is based upon the amounts pass- ing to the respective transferees , but holds to the view that the conditions of transfer , as embodied in its Transfer Tax Act , com- prehend the clear market value of the property at the ...
... transfer tax is based upon the amounts pass- ing to the respective transferees , but holds to the view that the conditions of transfer , as embodied in its Transfer Tax Act , com- prehend the clear market value of the property at the ...
Page 273
... tax a transfer which had already taken place . Matter of Pell , 171 N. Y. 48 ; 63 N. E. 789 . Commonwealth v . Wellford , 114 Va . 372 ; 76 S. E. 917 . So a trust deed reserving a life estate vests the remainder at the date of the deed ...
... tax a transfer which had already taken place . Matter of Pell , 171 N. Y. 48 ; 63 N. E. 789 . Commonwealth v . Wellford , 114 Va . 372 ; 76 S. E. 917 . So a trust deed reserving a life estate vests the remainder at the date of the deed ...
Page 288
... tax upon property upon which no town or city tax has been assessed during the year pre- ceding death . ( Section 1190 , General Statutes of Conn . ) And Louisiana exempts from a transfer tax property which has borne its just proportion of ...
... tax upon property upon which no town or city tax has been assessed during the year pre- ceding death . ( Section 1190 , General Statutes of Conn . ) And Louisiana exempts from a transfer tax property which has borne its just proportion of ...
Page 382
... transfer tax accrued immediately upon the transfer , which at once became effective ; but , if the gift of the corpus to her was in the nature of a testamentary disposition thereof , then , although evidenced by a separate instrument ...
... transfer tax accrued immediately upon the transfer , which at once became effective ; but , if the gift of the corpus to her was in the nature of a testamentary disposition thereof , then , although evidenced by a separate instrument ...
Other editions - View all
Common terms and phrases
administration amended amount appeal application appraiser Article assessed assets beneficiary bequest bonds cent centum claim collector Commissioner Comptroller consideration in money contemplation of death contingent corporation county treasurer court date of death debts deceased decedent decedent's death deduction determined domicile donor entitled estate exceeds estate tax executor exemption expenses fair consideration filed gift gift tax gifts inter vivos gross estate held included inheritance tax interest therein intestate joint tenants jurisdiction legacy legatee liability lien Matter Misc money or money's money's worth mortgages notice paid payable payment personal property possession or enjoyment power of appointment prior purpose real estate real property received refund remainder remainderman resident residuary estate Revenue Act schedule statute subdivision Supp Surrogate Surrogate's Court take effect tax commission tax imposed taxable taxation thereof tion Transfer Tax Law trust United valuation YORK STATE Transfer
Popular passages
Page 797 - ... in the same manner as though the property to which such appointment relates belonged absolutely to the donee of such power and had been bequeathed or devised by such donee by will...
Page 226 - No suit or proceeding shall be maintained in any court for the recovery of any internal- revenue tax alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority, or of any sum alleged to have been excessive or in any manner wrongfully collected...
Page 145 - Act, who willfully fails to collect or truthfully account for and pay over such tax, and any person who willfully attempts in any manner to evade or defeat any tax imposed by this Act or the payment thereof, shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, be fined not more than $10,000, or imprisoned for not more than five years, or both, together with the costs of prosecution.
Page 105 - To the extent of any interest therein of which the decedent has at any time made a transfer, by trust or otherwise, where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power, either by the decedent alone or in conjunction with any person, to alter, amend? or revoke...
Page 52 - Any transfer of a material part of his property in the nature of a final disposition or distribution thereof, made by the decedent within two years prior to his death without such a consideration, shall, unless shown to the contrary, be deemed to have been made in contemplation of death within the meaning of this title...
Page 79 - ... except such part thereof as may be shown to have originally belonged to such other person and never to have been received or acquired by the latter from the decedent for less than an adequate and full consideration in money or money's worth...
Page 66 - That unless the tax is sooner paid in full, it shall be a lien for ten years upon the gross estate of the decedent, except that such part of the gross estate as is used for the payment of charges against the estate and expenses of its administration, allowed by any court having jurisdiction thereof, shall be divested of such lien.
Page 150 - Commissioner, for the purpose of ascertaining the correctness of any return or for the purpose of making a return where none has been made, is hereby authorized, by any officer or employee of the Bureau of Internal Revenue, including the field service, designated by him for that purpose, to examine any books, papers, records, or memoranda bearing upon the matters required to be included in the return, and may require the attendance of the person...
Page 214 - Interest upon the amount determined as a deficiency shall be assessed at the same time as the deficiency, shall be paid upon notice and demand from the collector, and shall be collected as a part of the tax, at the rate of 6 per centum per annum from the date prescribed for the payment of the tax (or, if the tax is paid in installments, from the date prescribed for the payment of the first installment) to the date the deficiency is assessed...
Page 79 - ... provided, that where such property or any part thereof, or part of the consideration with which such property was acquired, is shown to have been at any time acquired by such other person from the decedent for less than an adequate and full consideration in money or money's worth...