Practice Unit Addresses Distributions Not From Accumulated E&amp;P

Practice Unit Addresses Distributions Not From Accumulated E&P

Internal Revenue Service

The IRS has released a practice unit on the taxability of distributions from an S corporation that either does not have accumulated earnings and profits or makes distributions from sources other than accumulated E&P.

The IRS has released a practice unit on the taxability of distributions from an S corporation that either does not have accumulated earnings and profits or makes distributions from sources other than accumulated E&amp;P.

The IRS has released a practice unit on the taxability of distributions from an S corporation that either does not have accumulated earnings and profits or makes distributions from sources other than accumulated E&amp;P. The unit also addresses what items to consider in determining the taxability of non-dividend distributions, liquidating distributions, and sale-or-exchange redemption distributions.

The IRS has released a practice unit on the taxability of distributions from an S corporation that either does not have accumulated earnings and profits or makes distributions from sources other than accumulated E&P. The unit also addresses what items to consider in determining the taxability of non-dividend distributions, liquidating distributions, and sale-or-exchange redemption distributions.