Filed November 25, 2014
Sprouse v. Comm’r of Internal Revenue, 122 F.2d 973, 976 (9th Cir. 1941) aff’d sub nom. Helvering v. Sprouse, 318 U.S. 604 (1943); 11 Fletcher Cyc. Corp. § 5321 (Supp. 2014) (“[P]rofits belong to the corporation and not its shareholders until the declaration of a dividend.”).