Regulations 70 Relating to Estate Tax Under the Revenue Act of 1926 as Amended and Supplemented by the Revenue Act of 1928U.S. Government Printing Office, 1929 - 154 pages |
Common terms and phrases
30 days adequate and full amended annuity Article become final beneficiary Board of Tax bona fide purchaser bona fide sale bond cent centum certificate collector Commissioner consideration in money contemplation of death copy curtesy date of death decedent died decedent's death deduction deficiency tax distraint due date effect in possession effective date enactment estate exceeds estate tax imposed excess executor or administrator expiration extension fair consideration fair market value false or fraudulent February 26 Federal estate tax fiduciary full consideration gift tax gross estate included intended to take interest therein jeopardy assessment liability lien mailed money or money's money's worth nonresident decedent notice and demand paid payable period of limitation person liable possession or enjoyment prescribed prior Acts prior decedent proceeding in court provided in subdivision received respect Revenue Act Revised Statutes section 308 take effect Tax Appeals taxable tion trustee United valuation
Popular passages
Page 114 - The value of the gross estate of the decedent shall be determined by including the value at the time of his death of all property, real or personal, tangible or intangible, wherever situated— (a) To the extent of the interest therein of the decedent at the time of his death...
Page 122 - In the case of a false or fraudulent return with intent to evade tax or of a failure to file a return the tax may be assessed, or a proceeding in court for the collection of such tax may be begun without assessment, at any time.
Page 68 - Board, the entire amount redetermined as the deficiency by the decision of the Board which has become final shall be assessed and shall be paid upon notice and demand from the collector.
Page 32 - To the extent of the amount receivable by the executor as insurance under the policies taken out by the decedent upon his own life; and to the extent of the excess over $40,000 of the amount receivable by all other beneficiaries as insurance under policies taken out by the decedent upon his own life.
Page 46 - ... to a trustee or trustees, or a fraternal society, order, or association operating under the lodge system, but only if such contributions or gifts are to be used by such trustee or trustees, or by such fraternal society, order, or association, exclusively for religious, charitable, scientific, literary, or educational purposes...
Page 91 - ... by filing with the collector a bond in such amount, not exceeding double the amount as to which the stay is desired, and with such sureties, as the collector deems necessary, conditioned upon the payment of so much of the amount, the collection of which is stayed by the bond, as is not abated by a decision of the Board which has become final, together with interest thereon as provided in section 297.
Page 42 - States by such trustee or trustees, or by such fraternal society, order, or association, exclusively for religious, charitable, scientific; literary, or educational purposes, or for the prevention of cruelty to children or animals...
Page 121 - Interest upon the amount determined as a deficiency shall be assessed at the same time as the deficiency, shall be paid upon notice and demand from the collector, and shall be collected as a part of the tax, at the rate of 6 per centum per annum from the date prescribed for the payment of the tax (or, if the tax is paid in installments, from the date prescribed for the payment of the first installment) to the date the deficiency is assessed...
Page 24 - ... where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power...
Page 125 - ... (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.