This Article begins by tracing the evolution of the accumulated earnings tax and the personal holding company tax from their origins to the mid-1980s. The Article then demonstrates the limited extent to which t
Subchapter MThe Fund intends to direct the investment of the proceeds of the offering described in the Registration Statement in such a manner as to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended ("Subchapter M of the Code" and the "Code," re...
Subchapter S refers to a section of Chapter 1 of the U.S. Internal Revenue Code. Asubchapter S corporation, which is also referred to as anS corporation,is a corporation that does not pay the income taxes on its income. Rather, the owners of theS corporationare responsible for the income...
Subchapter M The Fund will comply with the requirements of Subchapter M of the Code to qualify as a regulated investment company under the Code. Section 409A of the Internal Revenue Code It is the intent of the parties that payments and benefits under this Agreement comply with, or be exempt...
(ˈsʌbˌtʃæptə) n a chapter which is part of a larger chapter Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014 ...
services,haveanongoingqualityassuranceprogram,andhaveagoverningboardofdirectors. (3)NonprofitPractice–aclinicalpracticethatistax-exemptundersection501(c)(3)ofthe InternalRevenueCode. (4)StateHospital--ahospitalauthorizedbyTitle7,SubtitleB.,Chapter552oftheTexas ...
Answer to: An election to take advantage of Subchapter S tax treatment must be made annually by the shareholders. A. True B. False By signing up,...
was quickly repudiated by the Revenue Act of 1924,' but in 19348 the still more drastic technique of treating all liquidating gains as short-term capital gains was adopted. In the field of complete liquidations this lasted only until the Revenue Act of 1936;' but, because of the supposed ...
Banking Implications of Subchapter S tax status for commercial banks OKLAHOMA STATE UNIVERSITY William Gary Simpson BreitEmily SBanks first became eligible to elect Subchapter S of the Internal Revenue Code in 1997. Subchapter S status provides institutions the ability to maintain limited liability while...
Small business corporations meeting the requirements of Subchapter S of the Internal Revenue Code have become an increasingly popular form of business organization.'A Subchapter S corporation is exempt from corporate tax, but its shareholders are taxed onMcGaffey, Jere D...