...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...

...115. (b) Source of distribution*.—For the purposes of this chapter every distribution is made out of earnings or profits to the extent thereof, and...of property accrued, before March 1, 1913, may be distributed_ exempt from tax, after the earnings and profits accumulated after February 28, 1913, have...

...proposal to subject to taxation as "income," any part of corporation surpluses, consisting of earnings and profits accumulated or increase in value of property accrued before March 1, 1913, when distributed in dividends to stockholders. is unnecessary, unsound, and unjust. There is no substantial...

...proposal to subject to taxation as "income," any part of corporation surpluses, consisting of earnings and profits accumulated or increase in value of property accrued before March 1, 1913, when distributed in dividends to stockholders, is unnecessary, unsound, and unjust. There is no substantial...

...Distribution» in liquidation. Same as 1950. Sec. 115. (c) Distributions in liquidation. Same as 1950. recently accumulated earnings or profits. Any earnings...distribution shall be applied against and reduce the adjusted basis of the stock provided in section 110. The preceding sentence shall not apply to a distribution...

...distribution was made, and further provides that every distribution is to be considered as made out of earnings or profits to the extent thereof and from...the most recently accumulated earnings or profits. Earnings or profits thus referred to are after deduction of depletion based on cost (or March 1, 1913,...

...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 (/). (i) M and N Corporations make their returns on r-ie basis of the calendar year. On June...

...• "(b) SOURCE OF DISTRIBUTIONS. "For the purposes of this chapter every distribution Is made out of earnings or profits to the extent thereof, and...the most recently accumulated earnings or profits. • • • "(J) VALUATION OF DIVIUKND. "If the whole or any part of a dividend Is paid to a shareholder...

...made. Except as otherwise provided in this chapter, every distribution is made out of earnings and profits to the extent thereof, and from the most recently accumulated earnings and profits. To the extent that any distribution is, under any provision of this chapter, treated as...

...the taxable year. There is a general presumption that every distribution is made out of earnings and profits to the extent thereof and from the most recently accumulated earnings and profits. If the distribution is made in property other than money, the amount of the distribution...