 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...  Reports of the U.S. Board of Tax Appeals - Page 348by United States. Board of Tax Appeals - 1939Full view - About this book
 | United States. Tax Court - 1943 - 1262 pages
...or enjoyment at or after his doath • » • except in case of a boua fide gale for an adequate and full consideration In money or money's worth. **••*••...Insurance under policies taken out by the decedent upon IMS own life ; and to the extent of the excess over $40,000 of the amount receivable by all other beneficiaries... | |
 | Philippines - 1945 - 1064 pages
...To the extent of the amount receivable by the estate of the deceased, his executor, or administrator as insurance under policies taken out by the decedent upon his own life, irrespective of whether or not the insured retained the power of revocation, or to the extent of the... | |
 | United States. Tax Court - 1947 - 1522 pages
...consideration In money or money's worth. • • • • •*•*•• (g) PROCEEDS OP LIFE INSURANCE. — To the extent of the amount receivable by the executor...upon his own life ; and to the extent of the excess $40,000 of the amount receivable by all other beneficiaries as Insurance under policies taken out by... | |
 | United States. Tax Court - 1947 - 1574 pages
...•••••• (g) PROCEEDS OF LIFE INSURANCE. — To the extent of the amount receivable by the aeditor as Insurance under policies taken out by the decedent...upon his own life : and to the extent of the excess $40,000 of the amount receivable by all other bencflciarlw as Insurance under policies taken out by... | |
 | United States. Tax Court - 1947 - 1642 pages
...the Revenue Act of 1942 amended section 811 (g) of the Internal Revenue Code by changing the phrase "insurance under policies taken out by the decedent upon his own life" to "insurance under policies upon the life of the decedent." Respondent argues, further, that the entire... | |
 | 1959 - 1126 pages
...value of the gross estate shall Include the value of all property — (1) Receivable by the executor. To the extent of the amount receivable by the executor as insurance under policies on the life of the decedent. (2) Receivable by other beneficiaries. To the extent of the amount receivable... | |
 | United States, Walter Elbert Barton - 1950 - 1126 pages
...966. Sec. 811. (R) Proceed! of life insurance.— Seo. 811. (g) (1) Receivable by the executor.— To the extent of the amount receivable by the executor as insurance under policies upon the life of the decedent. Sec. 811. (K) (2) Receivable by other beneficiaries.— To the extent... | |
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