Search results with tag "7 earnings amp profits and distributions"

Chapter 7 Earnings & Profits and Distributions

Congress has never provided a statutory definition of earnings and profits (E&P). Instead, a definition has developed over the years from a collection of administrative practices, court cases, revenue rulings, and adjustments required under IRC §312. In . Henry C. Beck Co. v. Commissioner, (52 TC 1, (1969)), E&P was defined

  Distribution, Profits, Earnings, 7 earnings amp profits and distributions