This account, officially called shareholders' undistributed taxable income previously taxed, consists of items of income and loss for all S Corp. years ...

31 янв. 2014 г. · This article covers the taxability of distributions from an S corporation with accumulated E&P and ancillary issues and planning opportunities.

Since a shareholder's net share of an electing small business corporation's undistributed taxable income previously taxed to him is determined by reference ...

21 окт. 2024 г. · Under Code Section 535, accumulated taxable income means taxable income, adjusted in the manner provided in subsection (b), minus the sum of the ...

25 дек. 2023 г. · The Previously Taxed Income (PTI) account tracks undistributed taxable income for each individual shareholder from prior tax years. Any ...

31 дек. 2013 г. · Integral to determining the taxability of an S corporation's distributions are two shareholder-level attributes—stock basis and previously taxed ...

Distributions are payments of cash or property to shareholder based on stock ownership. S corporation distributions are governed by IRC Section 1368.

18 июн. 2020 г. · Distributions from an S corporation can be either in cash or property; the tax effect of which to the shareholder can be non-taxable, long-term ...

Previously taxed income (PTI): applies to pre-1983 S corporations only and all distributions of PTI are nontaxable; Accumulated Earnings & Profits (AE&P): ...

To the extent a shareholder is taxed on undistributed corporate in- come, that income (which has been retained at the corporate level) becomes previously taxed ...