Accumulated Earnings Tax (AET) is a tax imposed on corporations that retain earnings beyond the reasonable needs of the business to prevent them from avoiding shareholder taxation on dividends.
A comprehensive overview of the UK system of company taxation, known as Corporation Tax, including its history, structure, key events, and applicability.
Form 1139, also known as the 'Corporate Application for Tentative Refund,' is used by corporations to apply for a quick refund of taxes due to a net operating loss (NOL) carryback or an unused general business credit carryback.
An in-depth look at the Tonnage Tax system, its historical context, categories, key events, mathematical models, applicability, examples, related terms, FAQs, and more.
A detailed examination of unfranked investment income, including its historical context, categories, importance, examples, and related terms.
A detailed exploration of the Accumulated Earnings Tax, a 15% penalty surcharge on earnings retained in a corporation to avoid higher personal income taxes, including definitions, historical context, examples, and related terms.
A comprehensive guide to understanding C Corporations, including their taxation under Subchapter C of the Internal Revenue Code, structural attributes, and comparison with S Corporations.
Detailed examination of centralized management in organizations, focusing on how day-to-day business operations managed by appointed officers distinguish entities that may be taxed as corporations.
Comprehensive guide on consolidated taxable items that are eliminated from separate taxable income, computed on a consolidated basis, and combined with the aggregated separate taxable income, including examples, historical context, and related terms.
Understand the principle of dividend exclusion in taxation, explaining why income earned by corporations is not taxed again at the stockholder level when distributed as dividends.
Franchise Tax - Understanding the state-imposed tax on corporations for operating under their corporate name.
An in-depth exploration of Subchapter C of the Internal Revenue Code, which governs the taxation of corporations in the United States.
An in-depth exploration of the 'Double Irish With a Dutch Sandwich' tax avoidance technique, its mechanics, historical context, implications, and examples.
