Exchange Currency

current earnings and profits

Represents the upper limit on the amount of dividend income that is recognized on earnings distributions. Current earnings and profits is calculated by combining tax-exempt with taxable income and subtracting certain non-deductible items. Current earnings and profits must be paid out to currently to avoid becoming accumulated earnings.

Related information about current earnings and profits:
  1. What is current earnings and profits? definition and meaning
    Definition of current earnings and profits: Represents the upper limit on the amount of dividend income that is recognized on earnings distributions. Current ...
     
  2. Current Earnings and Profits: Definition from Answers.com
    Arrived at by adding nontaxable or tax-exempt income to taxable income for the tax year. Current earnings and profits , if not paid out, become accumulated.
     
  3. Earnings and Profits - Marquette Law Scholarly Commons
    crease in current earnings and profits below taxable income. For example, if a ... profits) had current earnings and profits of $100,000 but taxable income of ...
     
  4. Adjusting Earnings and Profits Under Internal Revenue Code ...
    PLAN. 145, 147 (1966) (current earnings and profits equals taxable income plus nontaxable .... modern concept of prorating current earnings and profits over the ...
     
  5. 26 CFR 1.367(b)-7 - Legal Information Institute - Cornell University
    Apr 1, 2012 ... For the taxable year ending on December 31, 2008, foreign surviving corporation has 500u of current earnings and profits in the general ...
     
  6. 26 CFR 1.902-2 - Treatment of deficits in post-1986 undistributed ...
    Apr 1, 2012 ... The 50u is a dividend out of current earnings and profits under section ... Note that even if there were no current earnings and profits in ...
     
  7. Reduction of Earnings and Profits to Reflect the - Scholarship ...
    taxable dividend distributions must first be made out of current earnings and profits before any return of capital can be made. If the aggregate value of the ...
     
  8. Distributions - Pennsylvania Code
    (i) The amount of the investment company's current earnings and profits determined without taking into account the following: (A) The investment company's ...