chevron-down Created with Sketch Beta.

When Do Tax Deficiencies Actually Accrue? Resolving the Recent Circuit Split Over the Accumulated Earnings Tax

Generally, the Internal Revenue Code treats corporations as independent taxpaying entities, regardless of the personal characteristics of their shareholders. Thus, corporate income is first taxed to the corporation as it is earned, and then it is taxed again at the shareholder level when corporate earnings are distributed in the form of dividends. ...

Kamran ldrees

Access Exclusive Benefits

Members unlock unlimited content, networking opportunities, publications and more.

  • Taxation Section
Join Member Group