 | United States. Court of Claims - 1945 - 952 pages
...BTA 25. But section 162 (b) says that if the trustees may deduct the payment from the trust income, "the amount so allowed as a deduction shall be included...in computing the net income of the beneficiaries." We understand the plaintiffs' contention to be that, for this purpose, Marshall Field III, and not... | |
 | United States. Court of Claims, Audrey Bernhardt - 1954 - 918 pages
...year, which is properly gald or credited during such year to any legatee, heir, or beneficiary, ut the amount so allowed as a deduction shall be Included in computing the net income of the legatee, heir or beneficiary. 128 C. Cis. Opinion of the Court this estate was still... | |
 | United States. Internal Revenue Service - 1924 - 396 pages
...trust for its taxable year which is to be distributed currently by the fiduciary to the beneficiaries, and the amount of the income collected by a guardian...to be held or distributed as the court may direct, shall be allowed as an additional deduction in computing the net income of the estate or trust. The... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...or trust; (2) Income which is to be distributed currently by the fiduciary to the beneficiaries, and income collected by a guardian of an infant which...to be held or distributed as the court may direct; (3) Income received by estates of deceased persons during the period of administration or settlement... | |
 | John F. Sherwood - 1925 - 206 pages
...or trust; (2) Income which is to be distributed currently by the fiduciary to the beneficiaries, and income collected by a guardian of an infant which...to be held or distributed as the court may direct; (3) Income received by estates of deceased persons during the period of administration or settlement... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...trust ; (2) Income which is to be distributed currently by the fiduciary to the beneficiaries, and income collected by a guardian of an infant which...to be held or distributed as the court may direct ; (4) Income which, in the discretion of the fiduciary, may be either distributed to the beneficiaries... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...trust for its taxable year which is to be distributed currently by the fiduciary to the beneficiaries, and the amount of the income collected by a guardian...an infant which is to be held or distributed as the 425 court may direct, but the amount so allowed as a deduction shall be included in computing the net... | |
 | 1926 - 1132 pages
...taxable year which is properly paid or credited during such year to any legatee, heir, or beneficiary, but the amount so allowed as a deduction shall be included in computing the net income of the legatee, heir, or beneficiary." I therefore hold that the income here in question is,... | |
 | Harrison B. Spaulding - 1927 - 336 pages
...trust for its taxable year which s to be distributed currently by the fiduciary to the beneficiaries, and the amount of the income collected by a guardian...to be held or distributed as the court may direct ; (3) in the case of income received by estates of deceased persons during the period of administration... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...or trust; (2) Income which is to be distributed currently by the fiduciary to the beneficiaries, and income collected by a guardian of an infant which...to be held or distributed as the court may direct; (3) Income received by estates of deceased persons during the period of administration or settlement... | |
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... (b) There shall be allowed as an additional deduction in computing the net income of the estate or trust the amount of the income of the estate or trust for its taxable year which Is to be distributed currently... 
