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If the corporation receiving the dividend owns 20 percent or more, then the amount of the deduction increases to 65 percent. [4] If, on the other hand, the corporation receiving the dividend owns more than 80 percent of the distributing corporation, it is allowed to deduct 100 percent of the dividend it receives. [5]
An S corporation (or S Corp), for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. [1] In general, S corporations do not pay any income taxes.
In 2002, its CEO was John A. Beckert. [6] Private equity firm KSL Capital Partners bought the company in 2006. [6] ClubCorp Holdings, Inc. went public in 2013 and was traded on the New York Stock Exchange under the symbol MYCC until 2017 when the company was acquired by Apollo Global Management. [7] [8] Eric L. Affeldt is a former CEO of the ...
Any distribution from the earnings and profits of a C corporation is treated as a dividend for U.S. income tax purposes. [6] "Earnings and profits" is a tax law concept similar to the financial accounting concept of retained earnings. [7] Exceptions apply to treat certain distributions as made in exchange for stock rather than as dividends.
The sixth season of the American science fiction television series Star Trek: The Next Generation commenced airing in broadcast syndication in the United States on September 21, 1992, and concluded on June 21, 1993, after airing 26 episodes.