Liquidating distribution to c corp shareholders
George Myers was also with Ernst and Ernst and then Pease, Sanford and Reinking.James De Wald had previously worked at Fort Wayne National Bank. The offices were significantly expanded in April 1973. On May 1, 1985 DWD acquired the office of Wayne Hall in Marion. Floyd Sanford began his public accounting career with Ernst and Ernst in Indianapolis and moved to Fort Wayne in 1927. The firm was known as Sanford, Myers and De Wald until 1972.
In 1944 the highest income tax rate for individuals was at an all-time high of 94%.
On October 1, 2013, DWD acquired The Bair CPA Group which included 12 additional employees.
In our eighty years of existence there have been eight managing directors.
A cash liquidation distribution, also known as a liquidating dividend, is the amount of capital returned to the investor or business owner when a corporation is partially or fully liquidated.
When a company goes out of business and its assets are liquidated, the firm either issues non-cash liquidating distributions, cash liquidating distributions, or both.
Later on, the processing was performed in Fort Wayne, but still outsourced.