For that reason, any liability for the accumulated earnings tax is based on two conditions. In addition to accumulating more earnings and profits than are justifiable based on its needs, "There must be an intent on the part of the corporation to avoid the income tax on its stockholders by a...
accumulated earnings tax A federal tax on a company's retained earnings that are considered in excess of what is reasonable. The purpose of an accumulated earnings tax is to make it more difficult to defer or lower the tax rate (that is, change from ordinary income to capital gains) on in...
The accumulated yield rate of new-issued stocks after the split-share structure reform in A stock market of China was studied. 股权分置改革从2005年5月起开始实施,2006年年底基本完成,研究股权分置改革后我国A股市场IPO的累积收益率。 更多例句>> 3) accumulated earnings tax 累积收益税4...
The threshold of accumulated earnings is anything up to $250,000. Once it hits this number it will be deemed unreasonable, and the 20% tax rate will be added. Accumulated Earnings Tax Exemptions Any company will have an exemption amount of $250,000. This means that they can accumulate thei...
The article provides information on the excess accumulated earnings tax provision of Industrial Reorganization Corporation section 535 adopted by the U.S. Congress, cited in the case of Metro Leasing and Development Corp. As the difference between ordinary income tax rates and capital gains tax rates...
Accumulated Earnings Tax Accumulated Earnings Taxes Accumulated Earnings Taxes Accumulated Freezing Degree Day accumulated fund Accumulated Funds Used During Construction Accumulated Generating Operation Accumulated Hazard Rate Accumulated Income Accumulated Income Payment ...
Activity is swept to retained earnings, and a company resets its income statement every year. That's why depreciation expense gets recalculated. Meanwhile, the balance sheet shows the aforementioned running total. Is Accumulated Depreciation an Asset? Accumulated depreciation is a contra asset account...
IRC section 531 imposes a penalty tax on corporations that accumulate earnings for the purpose of helping an employee avoid personal income taxes by not distributing them. An excess accumulation is one that goes beyond the company’s reasonable needs. According to tax regulations, a corporation can...
shareholders' meeting held on June 11, 2010, the annual net income after paying income tax and offsetting prior years'accumulated deficit(ifany) will be distributed in accordance with the regulations for special reserve, and the remaining distribution of earnings should be based on the following ...
if you withdraw more than your basis and dip into your earnings, you pay taxes on the earnings portion of your cash out. For example, say you've paid in $22,000 in premiums over the years and the cash value of your account is $29,000. The first $22,000 you take out is tax-fre...