 | 1926 - 1040 էջ
...proportion to the payments in cash. The Tax Law, as then existent, provides that a person shall be taxed on his distributive share, whether distributed or not...net income of the partnership for the taxable year. Section 364, Tax Law (as added by Laws 1919, c. 627). That, however, does not apply to the present... | |
 | United States. Board of Tax Appeals - 1926 - 1508 էջ
...paid by the fiduciary, but there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year, or if his net income for such taxable year is computed upon the... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 էջ
...subdivision (d) that the income under paragraph 4 on which the tax is assessed and collected shall be "his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year." The beneficiary clearly has no distributive share in the net... | |
 | National Tax Association - 1926 - 622 էջ
...of the corporation include (at the time of filing their returns) in their gross income their entire distributive share, whether distributed or not, of the net income of the corporation for such year. Any amount so included in the gross income of a shareholder shall be treated... | |
 | Wisconsin - 1927 - 1062 էջ
...liable for income tax only in their individual capacity. There shall be included in computing the * * * income of each partner his distributive share, whether...not, of the net income of the partnership for the * * * income year, or if his * * * net income for such * * * income year is computed upon the basis... | |
 | Wisconsin - 1927 - 1052 էջ
...liable for income tax only in their individual capacity. There shall be included in computing the * * * income of each partner his distributive share, whether...not, of the net income of the partnership for the * * * income year, or if his * * * net income for such * * * income year is computed upon the basis... | |
 | 1927 - 1146 էջ
...second is not in substance different, the important clause being: "There shall be included in computing the net income of each partner his distributive share,...distributed or not, of the net income of the partnership." As a subpartner the wife through the agreement got no present interest, equitable or legal, in the... | |
 | Eric Louis Kohler - 1927 - 618 էջ
...of the corporation include (at the time of filing their returns) in their gross income their entire distributive share, whether distributed or not, of the net income of the corporation for such year. Any amount so included in the gross income of a shareholder shall be treated... | |
 | Harrison B. Spaulding - 1927 - 336 էջ
...taxable year the shareholders of the corporation include in their returns of gross income their entire distributive share, whether distributed or not, of the net income of the corporation for such year. In such case, the distributive shares will be taxed to the shareholders... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1032 էջ
...of the corporation include (at the time of filing their returns) in their gross income their entire distributive share, whether distributed or not, of the net income of the corporation for such year." The rest of it merely elaborates on it. Now, that is fine so far as dividends... | |
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... there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year... 
