Reports of the United States Tax Court, Volume 71The Court, 1979 - Taxation |
From inside the book
Results 1-5 of 100
Page 16
... included in the gross estate by application of sec . 2042 ( 1 ) , and there is nothing in the record to indicate that the trust was under a legal obligation " to pay taxes , debts , or other charges enforceable against the estate ...
... included in the gross estate by application of sec . 2042 ( 1 ) , and there is nothing in the record to indicate that the trust was under a legal obligation " to pay taxes , debts , or other charges enforceable against the estate ...
Page 29
... included in the value of Mr. Smedal's gross estate under section 302 ( g ) of the Revenue Act of 1926 as insurance proceeds " receivable by the executor , " but were included in the value of Mr. Smedal's gross estate under that section ...
... included in the value of Mr. Smedal's gross estate under section 302 ( g ) of the Revenue Act of 1926 as insurance proceeds " receivable by the executor , " but were included in the value of Mr. Smedal's gross estate under that section ...
Page 30
... included in the value of a decedent's gross estate under the predecessors of section 2042 ( 1 ) were those purchased by the decedent on the decedent's life , and when all such policy proceeds were so included ( although some subject to ...
... included in the value of a decedent's gross estate under the predecessors of section 2042 ( 1 ) were those purchased by the decedent on the decedent's life , and when all such policy proceeds were so included ( although some subject to ...
Page 31
... Tax Regs . There is no dispute that , if Mrs. Margrave had designated the executor of decedent's estate as the beneficiary , then the proceeds would be included in the value of the gross ( 13 ) 31 ESTATE OF MARGRAVE v . COMMISSIONER.
... Tax Regs . There is no dispute that , if Mrs. Margrave had designated the executor of decedent's estate as the beneficiary , then the proceeds would be included in the value of the gross ( 13 ) 31 ESTATE OF MARGRAVE v . COMMISSIONER.
Page 42
... included in computing the tax imposed by section 511 . The subsequent amendment of this provision by sec . 2 ( a ) ( 4 ) , Pub . L. 95–345 ( Aug. 15 , 1978 , 92 Stat . 481 ) does not affect the taxable year before us ( see sec . 2 ( e ) ...
... included in computing the tax imposed by section 511 . The subsequent amendment of this provision by sec . 2 ( a ) ( 4 ) , Pub . L. 95–345 ( Aug. 15 , 1978 , 92 Stat . 481 ) does not affect the taxable year before us ( see sec . 2 ( e ) ...
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5th Cir acquired affd agreement amended amount application argues assets basis benefit capital carryback cash charitable claimed contends corporation decedent decedent's December December 31 decision deduction distribution dividend earnings easements employee entitled estate tax exchange exempt purposes exercise expenses facts fair market value Federal income tax filed fiscal gift tax gross estate gross income guidelines held included Income Tax Regs income tax return interest Internal Revenue Code Internal Revenue Service inventory investment issue lease liabilities LNG facility loss marital deduction Mattel Nashville Gas notice of deficiency operated opinion option organization paid parties partnership payments percent petition petitioner petitioner's prior purchase pursuant qualified reasonable received regulations Rept respect Respondent determined RESPONDENT Docket respondent's rule against perpetuities Scotten shareholders shares Shawnee Shorewood sold statute stipulated supra taxable income taxpayer Tennessee Natural trade or business transaction transfer trust United
Popular passages
Page 121 - ... organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual, no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation, and which does not participate in, or intervene in (including the publishing or...
Page 429 - ... a transfer by a corporation of all or a part of its assets to another corporation if immediately after the transfer the transferor or its stockholders or both are in control of the corporation to which the assets are transferred, or (C) a recapitalization, or (D) a mere change in identity, form, or place of organization, however effected. (2) The term "a party to a reorganization...
Page 308 - BASIS. (a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return as income therefrom in any taxable year that proportion of the installment payments actually received in that year which the gross profit realized or to be realized when payment is completed, bears to the total contract price.
Page 112 - If, on a motion asserting the defense numbered (6) to dismiss for failure of the pleading to state a claim upon which relief can be granted, matters outside the pleading are presented to and not excluded by the court, the motion shall be treated as one for summary judgment and disposed of as provided in Rule 56, and all parties shall be given reasonable opportunity to present all material made pertinent to such a motion by Rule 56.
Page 262 - It is a familiar rule that a thing may be within the letter of the statute and yet not within the statute, because not within its spirit, nor within the intention of its makers.
Page 734 - ... the acquisition by one corporation, in exchange solely for all or a part of its voting stock...
Page 557 - A husband and wife cannot, by any contract with each other, alter their legal relations, except as to property, and except that they may agree, in writing, to an immediate separation, and may make provision for the support of either of them and of their children during such separation.
Page 144 - The value of the gross estate shall include the value of all property to the extent of the interest therein of the decedent at the time of his death.
Page 462 - (a) GENERAL RULE. — In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the sum of — "(1) the qualified energy conservation expenditures, plus " (2) the qualified renewable energy source expenditures, "(b) QUALIFIED EXPENDITURES.
Page 63 - No gain or loss shall be recognized if property held for productive use in trade or business or for investment (not including stock in trade or other property held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of indebtedness or interest) is exchanged solely for property of a like kind...