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Assume a calendar-year corporation has a deficit in current E&P of ($120) and positiv e beginning accumulated E&P of $120. Under this circumstance. a cash
Assume a calendar-year corporation has a deficit in current E&P of ($120) and positiv e beginning accumulated E&P of $120. Under this circumstance. a cash distribution of $120 to the corporation's sole shareholder on June 30 will not be treated as a dividend because total E&P at December 31 is 240 O b. 12 Oc 120 O d.o
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
