Laws of the State of New York, Volume 21966 - Session laws |
From inside the book
Results 1-3 of 79
Page 1939
... beneficiary , whether distributed or not . If the amount of income required to be distributed currently to all beneficiaries exceeds the dis- tributable net income ( computed without the deduction allowed by section 642 ( c ) , relating ...
... beneficiary , whether distributed or not . If the amount of income required to be distributed currently to all beneficiaries exceeds the dis- tributable net income ( computed without the deduction allowed by section 642 ( c ) , relating ...
Page 1943
... beneficiary who is a United States person . ( b ) CREDIT FOR TAXES PAID BY TRUST . - The tax imposed on beneficiaries under this chapter shall be credited with a pro rata portion of the taxes im- posed on the trust under this chapter ...
... beneficiary who is a United States person . ( b ) CREDIT FOR TAXES PAID BY TRUST . - The tax imposed on beneficiaries under this chapter shall be credited with a pro rata portion of the taxes im- posed on the trust under this chapter ...
Page 1946
... beneficiary from whom distribution or application is withheld , to his estate , or to his appointees ( or persons named as alternate takers in default of appointment ) provided that such beneficiary possesses a power of appointment ...
... beneficiary from whom distribution or application is withheld , to his estate , or to his appointees ( or persons named as alternate takers in default of appointment ) provided that such beneficiary possesses a power of appointment ...
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Common terms and phrases
acquired adjusted basis adjusted gross income administrator allocation annuity apply assessment beneficiary bond calendar carryback certificate chapter computed controlled foreign corporation credit or refund December 31 deemed defined in section delegate described in section determined director of finance distribution dividends earnings and profits election employee estimated tax exceed excess excess profits taxes exempt extent fair market value federal income tax filed fund gain or loss gross income included in gross individual interest Internal Revenue Code liability net income nineteen hundred sixty-six operating loss option partnership payment percent period personal holding company preceding sentence prior public health law pursuant real property regulations prescribed relating respect sale or exchange Secretary section one hundred services and expenses shareholder suant subchapter subdivision subparagraph subpart subtitle tax imposed taxable income taxable year beginning taxpayer term thereof tion trade or business transfer treated trust United