 Any earnings or profits accumulated, or increase in value of property accrued, before March 1, 1913, may be distributed exempt from tax, after the earnings and profits accumulated after February 28, 1913, have been distributed...  Reports of the Tax Court of the United States - Page 8by United States. Tax Court - 1944Full view - About this book
 | United States. Court of Claims, Audrey Bernhardt - 1957 - 1028 pages
...[Emphasis added.] (b) Source of Distributions. — For the purposes of this chapter every distribution is made out of earnings or profits to the extent thereof,...increase in value of property accrued, before March 1,1913, may ~be distributed exempt from tax, after the earnings and profits accumulated after February... | |
 | United States. Court of Claims, Audrey Bernhardt - 1949 - 832 pages
...cost or value basis of his stock) under the taxing statute which provides that the increase in the value of property accrued before March 1, 1913, may be distributed exempt from tax; and (2) where the trustees of an estate are granted discretion to determine all questions as between... | |
 | United States - 1921 - 642 pages
...earnings or profits, to the extent of such earnings or profits accumulated since February 28, 1913; but any earnings or profits accumulated or increase in value of property accrued prior to March 1, 1913, may be distributed exempt from the tax, after the earnings and profits stock... | |
 | Emerson Emanuel Rossmoore - 1922 - 592 pages
...earnings or profits, to the extent of such earnings or profits accumulated since February 28, 1913; but any earnings or profits accumulated or increase in value of property accrued prior to March 1, 1913, may be distributed exempt from the tax, after the earnings and profits accumulated... | |
 | United States - 1922 - 756 pages
...earnings or profits, to the extent of such earnings or profits accumulated since February 28, 1913; but any earnings or profits accumulated or increase in value of property accrued prior to March 1, 1913, may be distributed exempt from the tax, after the earnings and profits accumulated... | |
 | United States. Congress. House. Committee on Ways and Means - 1923 - 256 pages
...earnings or profits, to the extent of such earnings or profits accumulated since February 28, 1913; but any earnings or profits accumulated or increase in value of property accrued prior to March I, 1913, may be distributed exempt from the tax, after the earnings and profits accumulated... | |
 | Irving Bank. Columbia Trust Company - 1923 - 148 pages
...earnings or profits, to the extent of such earnings or profits accumulated since February 28, 1913; but any earnings or profits accumulated or increase in value of property accrued prior to March 1, 1913, may be distributed exempt from the tax, after the earnings and profits accumulated... | |
 | United States. Internal Revenue Service - 1924 - 396 pages
...securities. — The general rule, provided in section 201 (b) of the Act, that every distribution is made out of earnings or profits to the extent thereof...the most recently accumulated earnings or profits, does not apply to a distribution in pursuance of a plan of reorganization, by or on behalf of a corporation... | |
 | United States. Congress. Senate. Committee on Finance - 1924 - 468 pages
...and. from the most recently accumulated earnings or profits, accumulated since February 28, 1913; but any earnings or profits accumulated or increase in value of property accrued prior to March 1, 1913, may be distributed exempt from the tax, after the earnings and profits accumulated... | |
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