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" ... (b) Source of distributions. For the purposes of this Act every distribution is made out of earnings or profits to the extent thereof, and from the most recently accumulated earnings or profits. "
Code of Federal Regulations: Containing a Codification of Documents of ... - Page 45
1972
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Cases Decided in the United States Court of Claims, Volume 84

United States. Court of Claims - Claims - 1937
...on section 115 (b) of the revenue act of 1928 which provides that — For the purposes of this Act every distribution is made out of earnings or profits...the most recently accumulated earnings or profits. It is contended that this provision is controlling here and that consequently the distribution made...
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Regulations 65 Relating to the Income Tax Under the Revenue Act of 1924

United States. Internal Revenue Service - Income tax - 1924 - 363 pages
...out of Its earnings or profits accumulated after February 28, 1913. (b) For the purposes of this Act every distribution is made out of earnings or profits...the most recently accumulated earnings or profits. Any earnings or profits accumulated, or increase in value of property accrued, before March 1, 1913,...
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Federal Income and Estate Tax Laws: Correlated and Annotated, Being a ...

Walter Elbert Barton, United States, Carroll Wright Browning - Electronic books - 1925 - 549 pages
...Act of 1921, shall be exempt from tax to the distributees. SEC. 201. (b) For the purposes of this Act every distribution is made out of earnings or profits...the most recently accumulated earnings or profits. Any earnings or profits accumulated, DIVIDENDS. SEC. 201. (a) That the term "dividend" when used in...
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Questions and Answers on Federal Tax Laws: Based on Revenue Act of 1924 and ...

Irving Bank-Columbia Trust Company - Income tax - 1925 - 143 pages
...out of its earnings or profits accumulated after February 28, 1913. (b) For the purposes of this Act every distribution is made out of earnings or profits...the most recently accumulated earnings or profits. Any earnings or profits accumulated, or increase in value of property accrued, before March 1, 1913,...
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Income Tax Accounting

John F. Sherwood - Income tax - 1925 - 205 pages
...out of its earnings or profits accumulated after February 28, 1913. (b) For the purposes of this Act every distribution is made out of earnings or profits...the most recently accumulated earnings or profits. Any earnings or profits accumulated, or increase in value of property accrued, before March 1, 1913,...
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Report of the Joint Committee on Internal Revenue Taxation

United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927
...accumulated after February 28, 1913. (b) Source of distributions. — For the purposes of this Act every distribution is made out of earnings or profits...the most recently accumulated earnings or profits. Any earnings or profits accumulated, or increase in value of property accrued, before March 1, 1913,...
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Wisconsin Session Laws

Wisconsin - Law - 1927
...property of the corporation. 1. For the purpose of this section every distribution is presumed to be made out of earnings or profits to the extent thereof,...the most recently accumulated earnings or profits. 2. Any earnings or profits accumulated, or increase in value of property accrued, before January I,...
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The Laws of Wisconsin

Wisconsin - Session laws - 1927
...property of the corporation. 1. For the purpose of this section every distribution is presumed to be made out of earnings or profits to the extent thereof,...the most recently accumulated earnings or profits. 2. Any earnings or profits accumulated, or increase in value of property accrued', before January 1,...
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Comparison of the Revenue Acts of 1926 and 1928: With Index

United States - Finance - 1928 - 247 pages
...out of its earnings or profits accumulated after February 28, 1913. (b) For the purposes of this Act every distribution is made out of earnings or profits...the most recently accumulated earnings or profits. Any earnings or profits accumulated, or increase in value of property accrued, before March 1, 1913,...
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Income Tax Procedure ...

Robert Hiester Montgomery - Excess profits tax - 1925
...loss, but also of other property or money, then no loss from the exchange shall be recognized. (g) The distribution, in pursuance of a plan of reorganization,...behalf of a corporation a party to the reorganization, of its stock or securities or stock or securities in a corporation a party to the reorganization, shall...
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