 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 626 pages
...value of the gross estate in case of the estate tax includes the amount receivable by the executor and the excess over $40,000 of the amount receivable by all other beneficiaries. However, it should also be remembered that net estates less than $100,000 are not subject to the estate... | |
 | United States. Board of Tax Appeals - 1931 - 1490 pages
...receivable by the executor as insurance under policies taken out by the decedent upon his own life ; nnd to the extent of the excess over $40,000 of the amount...policies taken out by the decedent upon his own life. The petitioner, basing his argument on the construction of the above section of the statute, contends... | |
 | United States. Board of Tax Appeals - 1934 - 1646 pages
...To the extent of the amount receivable by the executor as insurance under policies taken out by the decedent upon his own life ; and to the extent of...beneficiaries as insurance under policies taken out Z>i/ the decedent upon bis own life. [Italics supplied.] The total proceeds here involved, $176,851.13,... | |
 | United States - 1939 - 780 pages
...To the extent of the amount receivable by the executor as insurance under policies taken out by the decedent upon his own life ; and to the extent of...policies taken out by the decedent upon his own life. (h) PRIOR INTERESTS. — Except as otherwise specifically provided therein, subsections (b), (c)s (d),... | |
 | United States. Congress. Senate. Committee on Finance - 1939 - 780 pages
...worth ; and (g) PROCEEDS or LIFE INSURANCE. — To the extent of the amount receivable by the executor as insurance under 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... | |
 | United States. Tax Court - 1947 - 1522 pages
...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 beneficiaries...policies taken out by the decedent upon his own life. fore, the proceeds from the policy are not includible in the gross estate either under section 811... | |
 | 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... | |
 | United States. Tax Court - 1947 - 1574 pages
...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... | |
 | 1970 - 344 pages
...insurance under policies on the life of the decedent. (2) Receivable by other beneficiaries. To the extent of the amount receivable by all other beneficiaries as insurance under policies on the life of the decedent with respect to which the decedent possessed at his death any of the incidents... | |
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To the extent of the amount receivable by the executor as insurance under 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... 
