How to Allocate E&P to Multiple Distributions (U.S. Corporate Tax)
6.4 هزار بار بازدید -
4 سال پیش
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When a company has positive
When a company has positive current E&P and positive accumulated E&P, any distributions are a dividend to the extent of current E&P (and then accumulated E&P). But when there are multiple distributions during the year, and the total amount of the distributions exceeds the current E&P, you must allocate E&P to the various distributions as follows:
Step 1
Prorate current E&P to each distribution using this formula:
current E&P * (amount of the distribution / total distributions) = current E&P allocated to the distribution
Step 2
Apply accumulated E&P to distributions in chronological order (i.e., start with the distribution that occurred earliest during the tax year)—
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Step 1
Prorate current E&P to each distribution using this formula:
current E&P * (amount of the distribution / total distributions) = current E&P allocated to the distribution
Step 2
Apply accumulated E&P to distributions in chronological order (i.e., start with the distribution that occurred earliest during the tax year)—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*Patreon: prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast...
* Spotify: https://open.spotify.com/show/4WaNTqV...
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
* TikTok: prof_mclaughlin
—
ACCESS INDEX OF VIDEOS
* https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
* Facebook: Facebook: Edspira
* Instagram: Instagram: edspiradotcom
* LinkedIn: LinkedIn: edspira
—
CONNECT WITH MICHAEL
* Twitter: Twitter: Prof_McLaughlin
* LinkedIn: LinkedIn: prof-michael-mclaughlin
—
ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/
* https://michaelmclaughlin.com
4 سال پیش
در تاریخ 1399/07/27 منتشر شده
است.
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