CHAPTER TWENTY 
ESTATE TAXES? 
Including Gift Tax imposed by the Revenue Act of 1924] 
REVENUE ACT OF 1926_ 
Page 
-——- 821 
PRIOR ACTS 
REVENUE ACT OF 1924____ ____________________________ 
REVENUE ACT OF 1921 ___ 0 ee er me mm 
REVENUE ACT OF 191° i in mmm 
REVENUE ACT OF 191:_ re me 8 ER 
ACT OF MARCH 3, 19. Sm ls mp ere rm mt 
REVENUE ACT OF 191.____ 
345 
358 
S64 
379 
371 
$72 
CONCORDANCE WITH UNITED STATES CODE 
{Secs. 1091-1118, 1131-1136, U. S. C.) 
The law upon which chapter 20, ¢ Estate and Gift Tax,” of 
‘he code is based will be found under the head of Prior Acts, 
Revenue Act of 1924, this chapter. The sequence of the code 
sections is the same as in Title III, Revenue Act of 1924, 
though the sequence of numbering is higher. Black-face nu- 
merals in the margin of the text indicate the section numbers 
of title 26. “ Internal Revenue,” of the code, unless otherwise 
stated. 
REVENUE TAX OF 1926 
TITLE III.—ESTATE TAX? 
Sec. 
300. Definitions. 
301. Description of tax. 
302. Gross estate. 
503. Deductions. 
304. Estate of residents. 
305. Tax payable one year after de- 
cedent’'s death. 
306. Examination of returns. 
307. Deficiency in tax. 
308. Notice of deficiency; right of ap- 
peal; jurisdiction of Board of 
Tax Appeals. 
309. Interest upon deficiency after 
notice and demand. 
310. Limitation on assessment. 
311. Collection by suit or distraint. 
312. Jeopardy assessment, 
313. Receipts for payment. 
314. Collection of tax. 
315. TL.ien. 
Sec. 
316. Liability of transferees and 
fiduciaries, 
317. Persons acting as fiduciaries, 
318. Assessment of tax imposed by 
prior acts. 
319. Refund after filing petition with 
Board of Tax Appeals. 
320. Penalties. 
321. Estates administered at the United 
States Court for China. 
322. Section 301, Revenue Act of 1924, 
rates under act of 1924, 
amended, 
323. Section 303 (a) and (b), act of 
1924, amended. 
324. Amending section 319 of the act 
of 1924; gift tax rates under 
said act. 
325. Refund of overpayment under acts 
nf 1924 prior to amendment. 
+ Addenda. Subsequent to the compilation of the matter herein contained, as of Apr. 1, 
1927, the case of Nichols v. Coolidge (U. S. Sup. Ct., May 31, 1927) has been published as 
Treasury Decision 4072, affecting the attitude of the Bureau relative to transfers made by 
decedents in contemplation of or intended to take effect in possession or enjoyment at or 
after death. The regulations based upon the several revenue acts have been amended to 
2ive effect to this decision, which, it is held by the Bureau. precludes from estates subiect 
to_tax properties transferred prior to Sept. 8, 1918. 
* Regulations 70.