gross estate deductions
- 18 CFR 35.13 - Filing of changes in rate schedules, tariffs or service agreements
279 U.S. 620 (1929), 578, Macallan Co. v. Massachusetts
... all taxation imposed by any state except estate or inheritance taxes. C. 56, 40 Stat. 288, 291, ... income tax law, are allowed certain deductions of income from specified types of securities in ...The tax is not measured by gross income, as in Northwestern Mutual Life Insurance ...
Wealth Management Update (December 2015)
... The December § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and ... Regarding the Treatment of Certain Deductions for New York Estate Tax Purposes for Decedents ... New York taxable estate is the decedent's gross estate for federal tax purposes, excluding real ...
- 26 CFR 1.45d-1 - New markets tax credit
90 T.C. 162 (1988), 17904-81, Peck v. C.I.R.
... primarily upon the disallowance of deductions for land rent in the amount of $24,870 for each ... six parcels of residential rental real estate and two parcels of commercial rental real estate. ...Accordingly, your gross income is increased $24,870.00 in each year. ...
96 T.C. 226 (1991), 26230-83, Sundstrand Corporation & Subsidiaries v. C.I.R.
...Whether respondent's allocations of gross income under section 482 [ 2 ] for the years in ... as an appraiser of commercial real estate in the Denver metropolitan area, testified ... broad authority to allocate income, deductions, credits, or allowances between commonly. . ...
73 T.C. 1246 (1980), 7108-77, Vercio v. C.I.R.
...Family Estate (A Trust)’ (hereinafter the trust). ...The trust took deductions of $39,934: for charitable contributions ... fees are properly includable in the gross income of petitioners. We agree with respondent. ...
Avoiding the squeeze: trusts, estates, and the new ATRA tax regime: higher income tax rates and the net investment income tax change the rules for trust and estate planning.
... of the fourth month following the close of the tax year if it has gross income of $600 or more. A trust generally must have a calendar tax year, ...Gross income is reduced by (1) deductions for expenses paid or incurred in connection with the administration of the ...
Net investment income tax: how does it affect you?
... or (2) the excess of modified adjusted gross income (MAGI) over a threshold amount, which is ... income exclusion) over the amount of deductions or exclusions disallowed under Sec. 911(d)(6) .... Rental real estate: Income can be offset by depreciation deductions. ...
99 T.C. 202 (1992), 27032-89, Niedringhaus v. C.I.R.
...Petitioners deposited Penco's gross receipts into the Glenview account between ... no other information regarding income, deductions, expenses, or credits. ... opinion 578 F.2d 1383 (8th Cir.1978); Estate of Pittard v. Commissioner, 69 T.C. 391 (1977). ...
232 F.2d 118 (2nd Cir. 1956), 7, Kraft Foods Co. v. C.I.R.
... . claimed as deductions under Section 23(b) of the applicable Revenue ... as fraud, abuse of power to dominate, and gross overcapitalization, which may justify ... to liquidate slow mortgage and real estate assets held as security for the Prudence Company ...
91 T.C. 100 (1988), 28700-85, Estate of Horne v. C.I.R.
...Horne was timely filed on May 26, 1982. The total gross estate shown on the return was $1,486,016.84. Deductions claimed by the ...
58 T.C. 1055 (1972), 1058-70, Paula Construction Co. v. Commissioner of Internal Revenue
...Such amounts constituted PCC's total gross receipts for 1965; therefore, more than 20 ... and 1966, contain no reference to any deductions for salaries and wages. Nor do these returns ...Estate of Henry P. Lammerts, 54 T.C. 420, 446 (1970), ...
- Wash. Admin. Code § 458-57-115 - Valuation of property, property subject to estate tax, and how to calculate the tax
IRS Publishes Final Regulations Under Section 67 On Deductibility Of Fiduciary Expenses; Postpones Effective Date
... which costs or expenses incurred by estates and non-grantor trusts are subject to the nt floor for miscellaneous itemized deductions under section 67. These regulations can be found ... deductions exceeds 2 percent of adjusted gross income." Under section 67(e), in the case of a ...
47 T.C. 340 (1966), 2969-64, Mayerson v. C. I. R.
... business building held for sale by the estate of a deceased owner. They received a warranty ... disallowed claimed depreciation deductions in the 2 years following the acquisition. ...Petitioner's gross investment in this property for computing ...
54 T.C. 1121 (1970), 4588-67, Harper v. C.I.R.
... to certain dependency exemption deductions. (7) Petitioners did not make a valid election to ... Petitioners' gross income from their rental properties, ...5, 1967); Estate of Robert Lyons Hague, 45 B.T.A. 104, 109, affd. ...
- 26 CFR 20.6018-3 - Returns; contents of returns
73 T.C. 766 (1980), 10546-78, Curphey v. C.I.R.
...Petitioner received gross wages of $45,782.50 from his hospital employment ... BUSINESS OR RENTAL USE; LIMITATION ON DEDUCTIONS FOR SUCH USE. --. (1) CERTAIN BUSINESS USE. ... ownership and management of rental real estate. Section 212, which came into existence at the ...
796 F.2d 116 (5th Cir. 1986), 85-4851, Seligman v. C.I.R.
...1986). Milton J. SELIGMAN and Estate of Francine Seligman,. Petitioners-Appellants,. ..., Jr., Chief Counsel, I.R.S., Marlene Gross, Glenn L. Archer, Jr., Asst. Atty. Gen., Michael ...as deductions under Section 162(a) and also claimed an ...
266 F.2d 575 (4th Cir. 1959), 7665, O'Dwyer v. C.I.R.
..., 10 Cir., 1947, 161 F.2d 809; Gillette's Estate v. C.I.R., 9 Cir., 1950, 182 F.2d 1010; ...', was a mere gift and thus excluded from gross income under the then applicable provisions of ... Disallowance of Claimed Deductions"-- Unreimbused Ambassadorial Expenses. \xC2"...
800 F.2d 625 (6th Cir. 1986), 85-1656, Roth Steel Tube Co. v. C.I.R.
... mortgage in that amount on Remco's real estate and a security interest in all inventory owned or ...Remco projected that it would have gross sales for 1973 of at least $22,000,000 and that ... for which taxpayer claimed carry-over deductions to offset its income for the fiscal years ending ...
56 T.C. 982 (1971), 3332-69, The Hicks Co., Inc. v. C.I.R.
... intentional overstatements of various deductions, particularly fictitious and false travel ... deducted the costs of acquiring real estate, in the amount of $685.88, as professional ... amounts were utilized as deductions from gross income on page 2 of Lynn's returns for the ...
94 T.C. 193 (1990), 23588-83, Estate of Newhouse v. C.I.R.
...The gross national product grew at an annual rate of only 1.2 percent in constant ..., and the need to calculate various administration expense deductions,. A decision will be entered under Rule 155. . ...
965 F.2d 1038 (11th Cir. 1992), 91-7318, Estate of Wallace v. C.I.R.
... this special tax rule to prepay farm expenses and take large deductions against nonfarm income in the first year, and in subsequent years, of a ... cattle feed to be used in future years, lowering his adjusted gross income to $654,000. In 1983, Wallace earned in excess of $2,800,000 in ...