taxable stock dividend
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 318 U.S. 604 - Helvering v. Sprouse · 1943Most cited · 49 citing opinions
To render the dividend taxable as income, there must be a change brought about by the issue of shares as a dividend whereby the proportional interest of the stockholder after the distribution was essentially different from his former interest.