411 REFERENCE · Wiktionary
PTEP
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
English
Pronunciation
pē'tĕp US, en /ˈpiːtɛp/
Noun
?
en tax en previously taxed earnings and profits within US taxation, those earnings and profits of a foreign corporation that are attributable to amounts included in the gross income of a US shareholder under Internal Revenue Code sections 951(a) or 1248(a).
References
Notice 2019-01 https://www.irs.gov/pub/irs-drop/n-19-01.pdf 9 June 2022