Cornerstone distribution.Cornerstone cornerstone Ceremonial building block, dated or otherwise inscribed, usually placed in an outer wall of a building to commemorate its dedication. Often the stone is hollowed out to contain newspapers, photographs, or other documents reflecting current customs, with a view to Properties Inc. announced that the company's Board of Directors has declared a special distribution in the amount of $0.03 per share. The distribution will be payable on June 15 to stockholders of record as of June 1. This dividend was declared in order to satisfy Cornerstone's FIRPTA FIRPTA Foreign Investment in Real Property Tax Act FIRPTA Foreign Investment in Real Property Tax Act of 1980 (Foreign Investment in Real Property Tax Act) withholding Withholding Any tax that is taken directly out of an individual's wages or other income before he or she receives the funds. Notes: In other words, these funds are "withheld" from your wages. obligations under Section, 1445 of the Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq. with respect to net Capital gain deemed paid to its non-U.S. stockholders since January 1. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion