LIQUIDATING DIVIDENDS are dividends paid by a corporation that is in the process of liquidation/bankruptcy. Liquidating Dividends are paid from the capital of the corporation as opposed to earnings. Recipients of Liquidating Dividends are typically shareholders, bond holders and/or creditors. In the U.S. such dividends are generally nontaxable under the Internal Revenue Code.
DEVALUATION, in economics, is the lowering in value of one currency in relation to other currencies.
ADJUSTMENTS TO INCOME are all tax code allowable increases/(deductions) to income that are not already accounted for.
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