Tenn. Comp. R. & Regs. 1320-03-02-.03
Current through December 18, 2024
Dividends paid to any person by corporations will not be recognized as liquidating dividends unless the corporation is actually undergoing liquidation. No authority is contained in the Code by which depletion dividends can be regarded as non-taxable.
Tenn. Comp. R. & Regs. 1320-03-02-.03
Authority: T.C.A. §§ 67-1-102 and 67-2-113.