 | United States. Court of Claims - Claims - 1937 - 710 pages
...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... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 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,... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 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... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 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,... | |
 | John F. Sherwood - Income tax - 1925 - 206 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,... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 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,... | |
 | Harrison B. Spaulding - Income tax - 1927 - 336 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,... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...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,... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 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,... | |
 | Wisconsin - Law - 1927 - 1062 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 I,... | |
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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. 
