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 be withdrawn later by the shareholders without tax consequences. PTI has been replaced by the accumulated adjustments account.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

译者Lorna，毕业于国内一流的法学院，擅长翻译各种与商业秘密相关的法律文件。