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" 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 U.S. Board of Tax Appeals - Page 692
by United States. Board of Tax Appeals - 1934
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Treasury Decisions Under Internal Revenue Laws of the United States

United States. Office of Commissioner of Internal Revenue - 1924
...earnings or profits, to the extent of such earnings or profit 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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Federal Income and Estate Tax Laws: Correlated and Annotated, Being a ...

Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 549 pages
...tax to the distributees. SEC. 201. (b) For the purposes of this Act every distribution is made out of earnings or profits to the extent thereof, and...earnings or profits. Any earnings or profits accumulated, DIVIDENDS. SEC. 201. (a) That the term "dividend" when used in this title (except in paragraph (10)...
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Wisconsin Session Laws

Wisconsin - 1927
...of the corporation. 1. For the purpose of this section every distribution is presumed to be made out of earnings or profits to the extent thereof, and...the most recently accumulated earnings or profits. 2. Any earnings or profits accumulated, or increase in value of property accrued, before January I,...
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The Laws of Wisconsin

Wisconsin - 1927
...of the corporation. 1. For the purpose of this section every distribution is presumed to be made out of earnings or profits to the extent thereof, and...the most recently accumulated earnings or profits. 2. Any earnings or profits accumulated, or increase in value of property accrued', before January 1,...
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Income Tax Procedure

Robert Hiester Montgomery - 1923
...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...
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Regulations 74 Relating to the Income Tax Under the Revenue Act of 1928

United States. Internal Revenue Service - 1931 - 491 pages
...securities. — The general rule, provided in section 115 (b), that every distribution is made out of earnings or profits to the extent thereof and from...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...
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Cases Decided in the United States Court of Claims, Volume 73

United States. Court of Claims - 1932
...states what dividends shall be exempt. The provision is administrative in its nature and declares that " any earnings or profits accumulated or increase in value of property accrued prior to March 1, 1913, may be distributed exempt from the tax * * *." Here, again, the word " accrued...
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Double Taxation: Preliminary Report of a Subcommittee of the Committee on ...

United States. Congress. Joint Committee on Internal Revenue Taxation, United States. Congress. House. Committee on Ways and Means - 1933 - 328 pages
...corporations should also be considered. Under the statute, any such distribution is regarded as made "out of earnings or profits to the extent thereof, and...the most recently accumulated earnings or profits." Earnings or profits accumulated, or increase in value of property accrued, before March 1, 1913, may...
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Regulations 77 Relating to the Income Tax Under the Revenue Act of 1932

United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1933 - 423 pages
...or securities.—The general rule, provided in section 115 (b), that every distribution is made out of earnings or profits to the extent thereof and from...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...
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Chapter 71 Wisconsin Statutes 1933, Income Tax Act, and Chapter 363, Laws of ...

Wisconsin - 1933 - 31 pages
...of the corporation. 1. For the purpose of this section every distribution is presumed to be made out of earnings or profits to the extent thereof, and...the most recently accumulated earnings or profits. 2. Any earnings or profits accumulated, or increase in value of property accrued, before January 1,...
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