ETAX Corporation Distributions R17-02B

Provide some the items which decrease earnings and profits (E&P), in calculating earnings and profits (E&P).

• Federal income tax.
• Related party losses.
• Penalties, fines, lobby expenses.
• Key man life insurance premium.
• Disallowed portion of business meals.
• Section 179 depreciation, excess charitable contribution.
• Excess charitable contributions.