 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 682by United States. Board of Tax Appeals - 1934Full view - About this book
 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...essentially equivalent to the distribution of a taxable dividend. 208 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 : (1) A stock dividend. See section 115 (f). (2) The distribution to its shareholders,... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...made. (b) SOURCE OF DISTRIBUTIONS. For the purposes of this Act every distribution is made out of earnings or profits to the extent thereof, and...distribution shall be applied against and reduce the adjusted basis of the stock provided in section 113. (c) DISTRIBUTIONS IN LIQUIDATION. Amounts... | |
 | United States. Internal Revenue Service - 1936 - 604 pages
...transferee corporations. 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: (1) The distribution, in pursuance of a plan of reorganization, by or on behalf... | |
 | United States. Congress. Senate. Committee on Finance - 1939 - 780 pages
...made. (b) SOURCE OF DISTRIBUTIONS. For the purposes of this chapter every distribution is made out of earnings or profits to the extent thereof, and...distribution shall be applied against and reduce the adjusted basis of the stock provided in section 113. (c) DISTRIBUTIONS IN LIQUIDATION. Amounts... | |
 | United States - 1939 - 780 pages
...made. (b) SOUHCE or DisTEiBtmoNS. For the purposes of this chapter every distribution is made out of earnings or profits to the extent thereof, and...accumulated after February 28, 1913, have been distributed, out any such tax-free distribution shall be applied against and reduce the adjusted basis of the stock... | |
 | 1924 - 1040 pages
...accumulated -after Feb. 28. НИЗ. (b) For the purposes of this act every distribution is made out olume could not trace all their connections with private and public felicity. Let it simply be nngs nula t Any earnings or piofils accumulated, or ii crease in valuσ of (property accrued, before... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...made. (b) SOURCE OF DISTRIBUTIONS. For the purposes of this chapter every distribution is made out of earnings or profits to the extent thereof, and...distribution shall be applied against and reduce the adjusted basis of the stock provided in section 113. (c) DISTRIBUTIONS IN LIQUIDATION. Amounts... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1938 - 348 pages
...made. (b) SOURCE OF DISTRIBUTIONS. For the purposes of this Act every distribution is made out of earnings or profits to the extent thereof, and...recently accumulated earnings or profits. Any earnings or profit,-. accumulated, or increase in value of property accrued, before March 1, 1913, may be distributed... | |
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