Sat, Jul 12, 2014, 4:04 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Corrections Corporation of America Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • newMK newMK Sep 26, 2000 10:21 PM Flag

    Bensabia

    The Internal Revenue Code is made up of chapters,
    one of which is "Income Tax". That chapter is made up
    of subchapters, two of which are C and S. Subchapter
    C is corporate taxation. A "Subchapter C"
    corporation is the same as a "C" Corporation, and either
    designation is appropriate when distinguishing it (a taxable
    C corp) from a corporation whose tax status is
    changed by a different subchapter.

    Subchapter C
    also contains rules on dividends and earnings and
    profits. Like Need High Yield, I couldn't find
    justification there for treating the Pfd Stock distribution as
    a taxable dividend. Then again, if someone was
    paying me big bucks, maybe I'd look a little harder.
    Unlike NHY, I defer to the hired guns.

 
CXW
33.38-0.06(-0.18%)Jul 11 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.