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LSDefine

Simple English definitions for legal terms

undistributed-earnings tax

Read a random definition: Individual Taxpayer Identification Number (ITIN)

A quick definition of undistributed-earnings tax:

An undistributed-earnings tax is a penalty tax that a corporation may have to pay if it retains its earnings instead of distributing them to shareholders as dividends. This tax is imposed by the government to prevent corporations from avoiding income tax liability. A tax is a charge imposed by the government on people, entities, transactions, or property to generate public revenue. It can be in the form of money or other contributions.

A more thorough explanation:

An undistributed-earnings tax is a penalty tax imposed on a corporation that has retained its earnings in an effort to avoid the income-tax liability arising once the earnings are distributed to shareholders as dividends.

For example, if a corporation earns $1 million in profits but decides not to distribute any dividends to its shareholders, it may be subject to an undistributed-earnings tax. This tax is meant to discourage corporations from hoarding profits and not sharing them with their shareholders.

Overall, a tax is a monetary charge imposed by the government on persons, entities, transactions, or property to yield public revenue. It can take many forms, including duties, imposts, and excises, and is used to support government and public needs.

undisputed fact | undistributed profit

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9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
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