Posted by Bill Jacobsen on December 19, 2006 at 21:34:50:
I thought that dividends paid to the holding c-corp were partially excluded from taxes of the holding c-corp. That may have changed with the new rules on dividends.
Bill
40% exclusion rule? - Posted by Gary
Posted by Gary on December 19, 2006 at 02:42:58:
Several years ago I was told that if a c-corporation (presumeably a Holding company), held stock in another c-corp 40% of the profits from that subsidiary c-corp was exempt from fed. taxation. Is this true?