Current E&P vs. Accumulated E&P (U.S. Corporate Tax)
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This video discusses the distinction
This video discusses the distinction between current E&P (Earnings and Profits) and accumulated E&P. Under Section 301 of the U.S. tax code, corporate distributions are first treated as a dividend to the extent of current E&P, with any remaining amount being applied against accumulated E&P (and if there is any amount remaining after that, it reduces the shareholder's basis, and once the shareholder's basis is reduced to zero any remaining amount if treated as a gain on a sale or exchange). The application of a distribution against current E&P first can lead to some unexpected consequences. For example, a firm that has been incurring tax losses for years and has a very negative accumulated E&P balance might make a distribution to a shareholder that is treated as a dividend if the firm has positive current E&P (because you look to current E&P first to determine whether the distribution is a dividend).—
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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
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CONNECT WITH MICHAEL
* Twitter: Twitter: Prof_McLaughlin
* LinkedIn: LinkedIn: prof-michael-mclaughlin
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ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/
* https://michaelmclaughlin.com
7 سال پیش
در تاریخ 1396/01/27 منتشر شده
است.
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