previously taxed income

An S corporation’s undistributed taxable income taxed to the shareholders as of the last day of the corporation’s tax year.

• This income could usu. be withdrawn later by the shareholders without tax consequences. PTI has been replaced by the accumulated adjustments account. — Abbr. PTI.

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词条贡献者

资深译员Gwen，毕业于英国顶尖的高级翻译学院，擅长翻译涉及物联网领域的法律文件。