 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
 | 1941 - 1688 pages
...in general. For the purpose of income taxation every distribution made by a corporation Is made out of earnings or profits to the extent thereof and from...the most recently accumulated earnings or profits. In determining the source of a distribution, consideration should be given first, to the earnings or... | |
 | United States. Tax Court - 1946 - 1804 pages
...• • (b) SOCHCB OP DISTRIBUTIONS. — For the purposes of this chapter every distribution made out of earnings or profits to the extent thereof, and from the most recently cumulated earnings or profits. Any earnings or profits accumulated, or Increase In va! of property... | |
 | United States. Supreme Court - 1949 - 994 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." 49 Stat. 1687. Opinion of the Court. 336 US the... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1949 - 996 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...value of property accrued, before March 1, 1913, may l>e distributed exempt from tax, after the earnings and profits accumulated after February 28, 1913,... | |
 | 1990 - 590 pages
...312(1) and § 1.312-10. (b) The general rule provided in section 316 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... | |
 | 2001 - 580 pages
...none of the accumulated earnings and profits, or deficits, consist of earnings and profits or deficits accumulated, or increase in value of property accrued, before March 1, 1913. Example (l). (i) XY and Z Corporations make their returns on the basis of the calendar year. On June... | |
 | 1983 - 340 pages
...the purpose of income taxation every distribution made by a corporation is made out of earnings and profits to the extent thereof and from the most recently accumulated earnings and profits. In determining the source of a distribution, consideration should be given first, to the... | |
 | 2004 - 596 pages
...none of the accumulated earnings and profits, or deficits, consist of earnings and profits or deficits accumulated, or increase in value of property accrued, before March 1, 1913. Example (1). (i) M and N Corporations make their returns on the basis of the calendar year. On June... | |
 | 1994 - 480 pages
...none of the accumulated earnings and profits, or deficits, consist of earnings and profits or deficits accumulated, or increase in value of property accrued, before March 1, 1913. Example (1). (1) M and N Corporations make their returns on the basis of the calendar year. On June... | |
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