includibility en · NOUN
Etymology
From include + -ibility.
Meanings
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(uncountable) The quality of being includible.
After the claim was disallowed, on Feb. 16, 1950, the taxpayers brought suit in the District Court of Massachusetts on two questions: (1) the deductibility of a claimed testamentary disposition to charity, and (2) the includibility in the gross estate of the value of securities transferred by the testator to a family corporation.
1953 June 28, Godfrey N. Nelson, “Gifts Outside Will Draw Estate Levy: Memoranda for the Guidance of Executors on Charities May Not Be Controlling”, in The New York Times, New York, N.Y.: The New York Times Company, →ISSN, →OCLC:Since IRC Sec. 2035(b) specifically states that the $3,000 annual exclusion exception to includibility of property in the donor’s gross estate “shall not apply to any transfer with respect to a life insurance policy,” several interpretations are possible.
1980, Edward A. Stoeber, “Life Insurance and the Federal Gift Tax”, in How to Use Life and Health Insurance in Business and Estate Planning, 3rd edition, Cincinnati, Oh.: National Underwriter Company, →ISBN, page 142, column 2:In arriving at a determination as to the includibility of the 150x dollars concerned in the gross income of the football player, under the circumstances described, in addition to the authorities cited above, consideration also has been given to Revenue Ruling 55–727, C.B. 1955–2, 25, and to the decision in E. T. Sproull v. Commissioner, 16 T.C. 244.
1972, James J. Freeland, Richard B. Stephens, Stephen A. Lind, “How Ineluctable is the Integrity of the Taxable Year”, in Cases and Materials on Fundamentals of Federal Income Taxation (University Casebook Series), Mineola, N.Y.: Foundation Press, →LCCN, →OCLC, part 5 (The Year of Inclusion or Deduction), page 595: