 | Wisconsin - Income tax - 1933 - 36 pages
...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,... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Double taxation - 1933 - 348 pages
...by corporations should also be considered. Under the statute, any such distribution is regarded as made "out of earnings or profits to the extent thereof,...the most recently accumulated earnings or profits." Earnings or profits accumulated, or increase in value of property accrued, before March 1, 1913, may... | |
 | United States. Congress. House. Committee on Ways and Means - 1933 - 348 pages
...by corporations should also be considered. Under the statute, any such distribution is regarded as made "out of earnings or profits to the extent thereof,...the most recently accumulated earnings or profits." Earnings or profits accumulated, or increase in value of property accrued, before March 1, 1913, may... | |
 | United States. Board of Tax Appeals - Taxation - 1934 - 1512 pages
...source uf distribution. — For the purpose of income taxation every distribution made by a corporation is made out of earnings or profits to the extent thereof...the most recently accumulated earnings or profits. [Regulations 69.] In his brief the petitioner states that the respondent found that the New Jersey... | |
 | United States. Internal Revenue Service - Income tax - 1936 - 604 pages
...at the time the distribution was made. (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,... | |
 | United States, United States. Congress. House. Committee on Ways and Means - Finance - 1936 - 308 pages
...at the time the distribution was made. (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,... | |
 | United States. Board of Tax Appeals - Taxation - 1936 - 1468 pages
...stockholders, earnings of the corporation accumulated during the year 1928. 28, 1913 " and provide that " every distribution is made out of earnings...thereof, and from the most recently accumulated earnings and profits " ; that " any earnings or profits accumulated, or increase in value of property accrued,... | |
 | United States. Congress. Senate. Committee on Finance - United States - 1939 - 780 pages
...the time the distribution was made. (b) SOURCE OF DISTRIBUTIONS. — For the purposes of this chapter 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,... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - Internal revenue - 1938 - 700 pages
...the time the distribution was made. (b) SOURCE OF DISTRIBUTIONS. — For the purposes of this chapter 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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... (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. 
