Payment Corporation has accumulated E&P of $19,000 and current E&P of $28,000. During the year, the corporation makes the following distributions to its sole shareholder: 
The sole shareholder's basis in her stock is $45,000. What are the tax consequences of the June 1 distribution?
Definitions:
Pressing Problems
Urgent or critical issues that require immediate attention or action.
Effective Moderation
Effective Moderation involves the skillful management and facilitation of discussions or activities, ensuring they are productive, respectful, and inclusive.
Trigger Groups
Groups or categories that initiate or activate a specific response or action in a particular context.
Voting
The act of making a choice or expressing an opinion in a formal setting, often used in the context of democratic processes to select leaders or decide on policies.
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