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Subchapter M |
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Subchapter M An IRS regulation dealing with investment companies and real estate investment trusts that avoid double taxation by distributing interest, dividends, and capital gains directly to shareholders, who are taxed individually.
Subchapter M In American tax, an IRS regulation dealing with ways by which a publicly-traded company and its shareholders can avoid double taxation. Generally speaking, a publicly-traded company must pay corporate tax on its profits. If it paid taxes on its profits before passing along those profits to shareholders, the company's income is effectively taxed twice. Subchapter M allows these companies to deduct dividends and certain interest and capital gains paid to shareholders from its taxable income. See also: Conduit theory. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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