 Income accumulated in trust for the benefit of unborn or unascertained persons or persons with contingent Interests, and Income accumulated or held for future distribution under the terms of the will or trust...  Income Tax Accounting - Page 159by John F. Sherwood - 1925 - 205 pagesFull view - About this book
 | United States. Court of Claims, Audrey Bernhardt - 1962 - 784 pages
...individuals shall apply to the income of estates or of any kind of property held in trust, including — (1) Income accumulated in trust for the benefit of...distribution under the terms of the will or trust. Section 142 of the Internal Revenue Code of 1939 requires returns from every fiduciary 6 (except a... | |
 | United States. Court of Claims - 1925 - 828 pages
...their estates and also such income of estates or any kind of property held in trust, including such income accumulated in trust for the benefit of unborn...persons or persons with contingent interests, and income held for 358 — 28— C C— vol.. «5 1!> Opinion of the Court future distribution under the terms... | |
 | United States. Court of Claims - 1945 - 952 pages
...between 128 Opinion of the Court Mrs. Tree and Marshall Field III, gave their payments the character of "income which is to be distributed currently by the fiduciary to the beneficiaries," and hence not taxable to the trustees under section 162 (b) of the Revenue Act of 1928 (45 Stat. 791, 838.)... | |
 | United States. Court of Claims - 1948 - 886 pages
...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 by the fiduciary to the beneficiaries, and the amount of the income collected by a guardian of an infant which is to be held or distributed as... | |
 | 1926 - 1144 pages
...by estates of deceased persons during the period of administration or settlement of the estate ; (2) Income accumulated in trust for the benefit of unborn...unascertained persons or persons with contingent interests ; (3) Income held for future distribution under the terms of the will or trust ; and (4) Income which... | |
 | Harris, Forbes & Co., New York - 1916 - 140 pages
...The income of estates or any kind of property held in trust appears to be likewise taxable, including income accumulated in trust for the benefit of unborn...unascertained persons, or persons with contingent interests ; also income held for future distribution under the terms of a will or trust. In many instances the... | |
 | Massachusetts - 1916 - 824 pages
...taxation under laws other than this act. bankruptcy, receivers and assignees for the benefit of creditors. Income accumulated in trust for the benefit of unborn...unascertained persons or persons with contingent interests shall be taxed as if accumulated for the benefit of inhabitants of this commonwealth. For the purpose... | |
 | Shawmut Bank of Boston, N.A. - 1916 - 48 pages
...guardians, conservators, trustees in bankruptcy, receivers and assignees for the benefit of creditors. Income accumulated in trust for the benefit of unborn...unascertained persons or persons with contingent interests shall be taxed as if accumulated for the benefit of inhabitants of this commonwealth. For the purpose... | |
 | Boston Herald. Bureau of Department Reports - 1916 - 1006 pages
...guardians, conservators, trustees in bankruptcy, receivers and assignees for the benefit of creditors. Income accumulated in trust for the benefit of unborn...unascertained persons or persons with contingent interests shall be taxed as if accumulated for the benefit of inhabitants of this commonwealth. For the purpose... | |
 | National Bank of Commerce in New York - 1917 - 196 pages
...their estates, and also such income of estates or any kind of property held in trust, including such income accumulated in trust for the benefit of unborn...persons, or persons with contingent interests, and income held for future distribution under the terms of the will or trust shall be likewise taxed, the tax... | |
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