Internal Revenue Code: Section 303 Stock Redemption Plan

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

Charlene Sumo real estate agent
Charlene Sumo, Real Estate Agent Exp Realty LLC

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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