 | United States. Congress. House. Committee on Ways and Means - 1927 - 1034 pages
...of the corporation include (at the time of filing their returns) in their gross income their entire distributive share, whether distributed or not, of the net income of the corporation for such year." The rest of it merely elaborates on it. Now, that is fine so far as dividends... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...of the corporation include (at the time of filing their returns) in their gross income their entire distributive share, whether distributed or not, of the net income of the corporation for such year. Any amount so included in the gross income of a shareholder shall be treated... | |
 | Virginia - 1928 - 328 pages
...paid by the fiduciary, but there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year, or, if his net income for such taxable year is computed upon... | |
 | United States - 1928 - 1164 pages
...of the corporation include (at the time of filing their returns) in their gross income their entire distributive share, whether distributed or not, of the net income of the corporation for such year. Any amount so included in the gross income of a shareholder shall be treated... | |
 | United States - 1928 - 268 pages
...computing the amount of gain or loss under subsection (a) — turns) in their gross income their entire distributive share, whether distributed or not, of the net income of the corporation for such year. Any amount so included in the gross income of a shareholder shall be treated... | |
 | Robert Hiester Montgomery - 1925 - 1928 pages
...shall be liable for income tax only in their individual capacity. There shall be included in computing the net income of each partner his distributive share,...year is computed upon the basis of a period different 1 [Former Procedure] The 1917 law applied an excess profits tax to partnerships. ' [Former Procedure]... | |
 | Robert Hiester Montgomery - 1920 - 1320 pages
...how members of partnerships are taxed: section 218 (a) ". . . . There shall be included in computing the net income of each partner his distributive share,...net income of the partnership for the taxable year " It is imperative that unlawful accumulations be taxed as if the stockholders were partners. The complications... | |
 | Robert Hiester Montgomery - 1927 - 1510 pages
...shall be liable for income tax only in their individual capacity. There shall be included in computing the net income of each partner his distributive share,...distributed or not, of the net income of the partnership fdr the taxable year, or, if his net income for such taxable year is computed upon the basis of a period... | |
 | Robert Hiester Montgomery - 1919 - 1016 pages
...paid by the fiduciary, but there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year, or, if his net income for such taxable year is computed upon... | |
 | Robert Hiester Montgomery - 1927 - 592 pages
...hands of an individual owner. (at the time of filing their returns) in their gross income their entire distributive share, whether distributed or not, of the net income of the corporation for such year. Any amount so included in the gross income of a shareholder shall be treated... | |
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... there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year... 
