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Dividends-received deduction |
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Dividends-received deduction A corporate tax deduction on income allowed by company A that is in ownership of shares of company B and receives dividends on the shares of company B. |
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? Mentioned in | ? References in periodicals archive | |
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| To that end it passed IRC section 246A, which prevents corporations from claiming a dividends-received deduction against dividends from stock purchased using debt that generates an interest expense deduction. These rules are quite harsh, and may have serious adverse consequences for taxpayers that filled their base period amounts with high-taxed CFC dividends, while claiming the section 965 dividends-received deduction (DRD) with respect to low-taxed dividends. 301(c) analysis) had it been distributed with respect to the issuing corporation's stock, it is generally treated as a dividend to debt-holders for purposes of the dividends-received deduction. |
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Dividends-received deduction
