The Federal Estate Tax Law and Regulations (United States Inheritance Tax): Act of September 8, 1916, Amended March 3, 1917Guaranty Trust Company of New York, 1917 - 53 pages |
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Common terms and phrases
30 days 30-day notice Act of September administrator or executor agent Alaska amount beneficiary bona fide purchaser cedent collector of internal coming into possession COMMISSIONER OF INTERNAL community property consideration in money contemplation of death court decedent's death decedent's property deputy collector determined entirety erty estate exceeds Estate Tax Law estates of residents Executor Acts executor or adminis executors or administrators Federal Estate Tax Form 47 Hawaii imposed Inheritance Tax Internal Revenue liable lien money or money's money's worth net estate exceeds nonresident decedent Notice and Return notice or return OFFICE OF COMMISSIONER one-half per centum paid paragraph payment of tax penalty prop Property in Charge rate of tax refund regulations resident decedent Section 202 section two hundred September 9 tax due tax is due tax payment taxing act tentative return term executor thereof thirty-day notice trator Treasury Decision TREASURY DEPARTMENT United United States attorney
Popular passages
Page 11 - 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 15 - ... (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 11 - ... the value of the gross estate certain specified deductions. The gross estate is to be valued as follows: "Sec. 202. That the value of the gross estate of the decedent shall be determined by including the value at the time of his death...
Page 13 - ... situated in the United States; (b) the deductions allowed under section 403; (c) the value of the net estate of the decedent as defined in section 403; and (d) the tax paid or payable thereon; or such part of such information as may at the time be ascertainable and such supplemental data as may be necessary to establish the correct tax.
Page 13 - If the executor is unable to make a complete return as to any part of the gross estate of the decedent, he shall include in his return a description of such part and the name of every person holding a legal or beneficial interest therein, and upon notice from the collector such person shall in like manner make a return as to such part of the gross estate.
Page 9 - collector" means the collector of internal revenue of the district in which was the domicile of the decedent at the time of his death, or, if there was no such domicile in the "United States, then the collector of the district in which is situated the part of the gross estate of the decedent in the United States, or, if such part of the gross estate is situated in more than one district, then the collector of internal revenue of such district as may be designated by the Commissioner.
Page 12 - That for the purpose of the tax the value of the net estate shall be determined — "(a) In the case of a resident, by deducting from the value of the gross estate...
Page 14 - ... tax) duplicate receipts, either of which shall be sufficient evidence of such payment, and shall entitle the executor to be credited and allowed the amount thereof by any court having jurisdiction to audit or settle his accounts.
Page 12 - ... reasonably required and actually expended for the support during the settlement of the estate of those dependent upon the decedent, as are allowed by the laws of the jurisdiction, whether within or without the United States, under which the estate is being administered...
Page 12 - ... deducting from the value of that part of his gross estate which at the time of his death is situated In the United States — (1) Expenses, losses, indebtedness, and taxes.