 | United States. Court of Claims - 1932 - 834 lapas
...states what dividends shall be exempt. The provision is administrative in its nature and declares that " any earnings or profits accumulated or increase in value of property accrued prior to March 1, 1913, may be distributed exempt from the tax * * *." Here, again, the word " accrued... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1933 - 348 lapas
...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... | |
 | Wisconsin - 1933 - 36 lapas
...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. Bureau of Internal Revenue - 1933 - 452 lapas
...Source of 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. ART. 623. Distributions out of earnings or profits accumulated, or increase in value of property accrued,... | |
 | United States. Congress. House. Committee on Ways and Means - 1933 - 348 lapas
...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 - 28 lapas
...The Treasury agrees with the recommendation of the subcommittee that dividends out of earnings and profits accumulated, or increase in value of property accrued, before March 1, 1913, should be subjected to surtax. * Although it is true that these accumulations or accruals were part... | |
 | United States. Board of Tax Appeals - 1933 - 1612 lapas
...and profits accumulated after February 28, 1913. For the purposes of the act " every distribution is made out of earnings or profits to the extent thereof " and from those most recently accumulated. In the present proceeding the amounts distributed represented surplus... | |
 | United States. Board of Tax Appeals - 1934 - 1508 lapas
...Passaic Consolidated Water Co. When, therefore, that company paid dividends those dividends were paid out of earnings or profits to the extent thereof and...the most recently accumulated earnings or profits as provided by section 201 (b) of the Revenue Act of 1924. We find that the undistributed earnings... | |
 | United States. Board of Tax Appeals - 1934 - 1646 lapas
...profits accumulated after February 28, 1913. (b) B'or the purposes of this Act every distribution is made out of earnings or profits to the extent thereof, and from the moat recently accumulated earnings or profits. Any earnings or profits accumulated, or increase in... | |
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