to the extent the distribution would otherwise be includable
in gross income.
But the husband held a life income interest in the trust; thus, as explained above, any transfers by him to the trust would eventually cause at least some portion of the trust to be includable
in his gross estate.
Generally, the "amount paid" under the contract is defined as the premiums paid less distributions, not including amounts includable
in gross income.
21) The annual limit for contributions does not apply to such contributions, (22) and distributions attributable to death gratuity or SGLI payments that would be includable
in gross income under section 72 of the Internal Revenue Code (23) are treated as an investment in the contract.
the annuity payments were taxable in the foreign country only if they would be includable
in gross income in the U.
Under what circumstances are death proceeds of life insurance includable
in the insured's gross estate?
Commissions owed to an agent before he died, but paid after his death, are includable
in his gross income on his final return.
The fair market value of the decedent's fractional interest is includable
in the federal gross estate.
If, on the other hand, the true object of the transaction is the sale of food or beverages, then the room rental charges are includable
in the seller's taxable gross receipts.
In general, the cost of up to $50,000 of group-term life insurance coverage provided to an employee by his employer is not includable
in the employee's gross income.
Note that in the case of health and accident premiums, the amount of the premium is includable
in full, but the MTTPSE is eligible for a deduction as set out in Code section 162(l).
The deductible limits under Section 213(d)(10) for eligible long-term care premiums includable
in the term 'medical care' are as follows: