 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
 | CCH Incorporated, CCH Tax Law Editors - 2008 - 1632 pages
...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... | |
| |
