Divedends-paid Deduction

Divedends-paid Deduction means:
an adjustment from taxable income in computing both the accumulated earnings tax and the personal holding company tax. The amount of the adjustment includes regular dividends, dividends paid during a 2-month grace period, consent dividends, and deficiency dividends (for the personal holding company tax only). Former IRC (check if this IRC provision is current here) §561.

See Dividend in the American Legal Encyclopedia and Dividend in the World Legal Encyclopedia.