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 be withdrawn later by the shareholders without tax consequences. PTI has been replaced by the accumulated adjustments account.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

法律翻译Cathy，在一家英国银圈所担任专职法律翻译，擅长翻译有关城市基础设施领域的法律文件。