This document discusses calculating taxable income and current earnings and profits (E&P). It states to subtract federal income taxes from taxable income to calculate current E&P, and to add any municipal bond interest received.
This document discusses calculating taxable income and current earnings and profits (E&P). It states to subtract federal income taxes from taxable income to calculate current E&P, and to add any municipal bond interest received.
This document discusses calculating taxable income and current earnings and profits (E&P). It states to subtract federal income taxes from taxable income to calculate current E&P, and to add any municipal bond interest received.