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thanks for your comments Ira.
This would be from a regular C Corporation with only 2 shareholders.
All earnings were previously taxed. The Corporation has a few thousand Dollars in undistributed retained earnings. It still exists due to the fact that it is still collecting principal and interest on a Note Receivable. With the Interest earned and the current expenses of keeping it alive it is just about a wash as far as current ernings are concerned. Just was curious if this year's payout of dividends would
fall under the 5-15% new tax law.
I read somewhere in the early days after this bill was passed that the Corporation was supposed to trade on a stock exchange, but I may have either misread this or the person that claimed that did not really know.
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