 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, Walter Elbert Barton - 1950 - 1126 pages
...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... | |
 | United States. Congress. Senate. Committee on Finance - 1950 - 958 pages
...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... | |
 | United States. Congress. Senate. Committee on Finance - 1950 - 948 pages
...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... | |
 | Leonard Sarner - 1951 - 222 pages
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 | 1952 - 1228 pages
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 | United States, Walter Elbert Barton - 1953 - 708 pages
...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... | |
 | 1953 - 1426 pages
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