Internal Revenue Code: Section 303 Stock Redemption Plan

Definition of "Internal revenue code: section 303 stock redemption plan"

Kim Windle real estate agent
Kim Windle, Real Estate Agent Metro Brokers of Oklahoma Choice Realty

Portion of the federal tax code outlining the procedure by which a corporation cancels or redeems its shares with funds paid out of earnings or profits, thus making the distribution a taxable dividend.

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