Type PLR Subject 1.07 - Distribution of Accumulated C Corporation Earnings 20.02 - Second Class of Stock 6.01 - Distributions - Generally Keywords Distributions Choice of Stock or Cash Elective Stock Dividends Year 2015 IRS Link http://www.irs.gov/pub/irs-wd/201544015.pdf Tax Report Link TaxReport (January 20, 2016) Summary Elective stock distribution is a dividend. Title PLR 201544015 Guidance Tags PLR - 201544015