Taxes on Incomes and Excess Profits as Revised and Amended by the War Revenue Act of October 3, 1917: Digest and TextSavings union bank and trust Company, 1917 - 78 pages |
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Common terms and phrases
Act of October Act of September actual cash value additional tax Amended by Section amount ascer assessed business or trade calendar year nineteen capital stock cent centum per annum citizen or resident collected collector or deputy Commissioner of Internal company or association computed corporation or partnership credited deputy collector district dividends domestic corporation domestic partnership earnings estate exceeds Estate Tax exceeding Excess Profits Tax executor exempt fiscal foreign corporation gross estate hundred and seventeen hundred and sixteen hundred and thirteen income derived income exceeds income received indebtedness insurance company intangible property Internal Revenue invested capital joint-stock company levied liable net estate exceeds net income exceeds nineteen hundred normal tax payment person Philippine Islands Pre-War Income Tax premium prescribed purpose reasonable allowance Revenue Act Secretary section two hundred September eighth tax imposed tax paid taxable thereof tion total net income trade or business Treasury trust United
Popular passages
Page 28 - Income received by estates of deceased persons during the period of administration or settlement of the estate; and (4) Income which, in the discretion of the fiduciary, may be either distributed to the beneficiaries or accumulated.
Page 53 - The amount so added to any tax shall be collected at the same time and in the same manner and as...
Page 70 - That the value of the gross estate of the decedent shall be determined by including the value at the time of his death...
Page 69 - IV of the revenue act of 1918, a tax equal to the sum of the following percentages of the value of the net estate (determined as provided in section 403) is hereby imposed upon the transfer of the net estate of every decedent...
Page 29 - The amount received by the insured as a return of premium or premiums paid by him under life insurance, endowment, or annuity contracts, either during the term or at the maturity of the term mentioned in the contract or upon surrender of the contract...
Page 34 - In such form as the Commissioner of Internal Revenue, with the approval of the Secretary of the Treasury shall prescribe, setting forth specifically the gross amount of Income from all separate sources and from the total thereof, deducting the aggregate Items or expenses and allowance...
Page 70 - 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 75 - One-half of one per centum of the amount of such net estate not in excess of $50,000...
Page 53 - Every collector to whom any .payment of any income tax is made shall upon request give to the person making such payment a full written or printed receipt, stating the amount paid and the particular account for which such payment was made...
Page 44 - ... payments, required to be made as a condition to the continued use or possession of property...