It is the purpose of this discussion to indicate, with respect to corporate accumulations and distributions, some of the major interpretative problems existing under the 1939 code which Congress has failed to resolve, as well as some of the major interpretative difficulties which arise for the first time under the 1954 code.
Alice Austin S.Ed.,
Taxation - Federal Income Tax - Corporate Accumulations, Stock Dividends and the "Preferred Stock Bail-Out," and Taxability of the Corporation Upon the Distribution of "Inventory Assets" Under the Internal Revenue Code of 1954,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol53/iss5/4