 TAX. (a) Application of tax. — The taxes imposed by this title upon 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 unborn or unascertained persons...  Income Tax Law: Analysis and Comment - Page 70by Harris, Forbes & Co., New York - 1916 - 125 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 unborn...persons or persons with contingent interests, and income accumulated or held for future distribution under the terms of the will or trust. Section 142 of the... | |
 | 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... | |
 | 1928 - 1130 pages
...apply to the income of estates or of any kind of property held in trust, including. • • • "(2) Income accumulated in trust for the benefit of unborn or unascertained persons. • • • "(b) The fiduciary shall be responsible for making the return of income for the estate... | |
 | 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 - 180 pages
...source whatever." and°?rn«t»,e"tate" (&) Income received by estates of deceased taxable ' persons during the period of administration or settlement...unascertained persons, or persons with contingent interests, arid income held for future distribution under the terms of the will or trust shall be likewise taxed,... | |
 | Godfrey Nicholas Nelson - 1917 - 218 pages
...Salary Paid by Stock Bonuses Salaries Money Equivalent "Income received by estates of deceased persons during the period of administration or settlement...normal and additional tax and taxed to their estates." This is true also of income from any kind of property held in trust, including that on accumulated... | |
 | George Edwin Holmes - 1917 - 690 pages
...INCOME RECEIVED DURING SETTLEMENT OF DECEDENT'S ESTATE. "Income received by estates of deceased persons, during the period of administration or settlement...shall be subject to the normal and additional tax," the tax to be assessed against the executor or administrator and paid by the estate, except when the... | |
 | George Edwin Holmes - 1917 - 674 pages
...INCOME RECEIVED DURING SETTLEMENT OF DECEDENT'S ESTATE. "Income received by estates of deceased persons, during the period of administration or settlement...shall be subject to the normal and additional tax," the tax to be assessed against the executor or administrator and paid by the estate, except when the... | |
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