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Sec. 531 Imposition of accumulated earnings tax

  • Internal Revenue Code of 1986
  • Chapter 1 -- Normal Taxes and Surtaxes
  • Subchapter G -- Corporations Used to Avoid Income Tax on Shareholders
  • Part I -- Corporations improperly accumulating surplus

In addition to other taxes imposed by this chapter, there is hereby imposed for each taxable year on the accumulated taxable income (as defined in section 535) of each corporation described in section 532, an accumulated earnings tax equal to 20 percent of the accumulated taxable income.

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