35 Miss. Code. R. 3-02-06-110
Current through October 31, 2024
If a corporation cancels or redeems its stock at such a time and in such manner as to make the distribution in whole or in part essentially equivalent to a taxable dividend, the amount so distributed, to the extent it represents a distribution of earnings and profits, shall be treated as a taxable dividend.
35 Miss. Code. R. 3-02-06-110