SINCE the inception of the income tax in 1913 the taxation of trust income has been an ever-vexing problem. Under the first income tax law a trust was not treated as a separate taxable entity. The Act levied a tax on the net income of all individuals, but merely required fiduciaries to file "a return of the net income of the person for whom they act, subject to this tax, coming into their custody" and to withhold the normal tax. Because of the lack of a taxable entity against which the tax could be levied, income collected by a trustee and held for the benefit of unborn or unascertained persons escaped the tax.
The export option will allow you to export the current search results of the entered query to a file. Different
formats are available for download. To export the items, click on the button corresponding with the preferred download format.
By default, clicking on the export buttons will result in a download of the allowed maximum amount of items.
To select a subset of the search results, click "Selective Export" button and make a selection of the items you want to export.
The amount of items that can be exported at once is similarly restricted as the full export.
After making a selection, click one of the export format buttons. The amount of items that will be exported is indicated in the bubble next to export format.