26 C.F.R. § 1.312-5 Special rule for partial liquidations and certain redemptions.
Title 26 - Internal Revenue
The part of the distribution properly chargeable to capital account within the provisions of section 312(e) shall not be considered a distribution of earnings and profits within the meaning of section 301 for the purpose of determining taxability of subsequent distributions by the corporation.
Title 26: Internal Revenue
PART 1—INCOME TAXES
effects on corporation
§ 1.312-5 Special rule for partial liquidations and certain redemptions.
