 | United States - 1922 - 1028 pages
...taxable year, for the purpose of the income tax imposed by the Act of February 24, 1919, upon the net income received by estates of deceased persons during the period of administration or settlement, which statute, in this section, makes express provision for the deduction of taxes paid or accrued... | |
 | Irving Bank. Columbia Trust Company - 1923 - 148 pages
...211 shall apply to the income of estates or of any kind of property held in trust, including — (1) Income received by estates of deceased persons during...period of administration or settlement of the estate; (2) Income accumulated in trust for the benefit of unborn or unascertained persons or persons with... | |
 | United States. Congress. House. Committee on Ways and Means - 1923 - 256 pages
...211 shall apply to the income of estates or of any kind of property held in trust, including — (1) Income received by estates of deceased persons during...period of administration or settlement of the estate; (2) Income accumulated in trust for the benefit of unborn or unascertained persons or persons with... | |
 | United States. Internal Revenue Service - 1924 - 396 pages
...collected by a guardian of an infant which is to be held or distributed as the court may direct ; (3) Income received by estates of deceased persons during...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... | |
 | Eric Louis Kohler - 1924 - 514 pages
...shall apply to the income of estates or of any kind of property held in trust, including — ( 1 ) Income received by estates of deceased persons during...period of administration or settlement of the estate; ( 2 ) Income accumulated in trust for the benefit of unborn or unascertained persons or persons with... | |
 | 1924 - 1022 pages
...diminution thereof as a loss. Under the present law (Revenue Act of 1921) taxes are imposed upon (a) income received by estates of deceased persons during the period of administration or settlement of estate; (b) income accumulated in trusts for the benefit of unborn or unascertained persons or persons... | |
 | John F. Sherwood - 1925 - 206 pages
...allowed as a deduction under paragraph (3) in the same or any succeeding taxable year; (3) In the case of income received by estates of deceased persons during...period of administration or settlement of the estate, and in the case of income which, in the discretion of the fiduciary, may be either distributed to the... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...602, affirming Id., (CCA, Act of 1917. ESTATES AND TRUSTS Act of 1916. Act of 1913. SEC. 2. (b) [1] Income received by estates of deceased persons during...the period of administration or settlement of the j estate, shall be subject to the normal and additional tax and taxed to their estates, [2] and also... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...court directs; (3) is properly paid or credited to a legatee, heir or beneficiary in the case (a) of income received by estates of deceased persons during the period of administration or settlement, or (b) of income which, in the 'discretion of the fiduciary, may be distributed to the beneficiary... | |
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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. 
