A $50,000 annual distribution from the conference was withheld from the noncompliant.
Moreover, taxes on the annual distributions are deferred, not avoided.
Today, the dinner is attended by approximately 3,000 guests per year, and has an annual distribution of over $1 Million.
Since then, the dinner has maintained an annual distribution of over $1 million and an average attendance of 3,000 guests per year.
Its annual distributions have been quite small, but are often taxable.
The orchestra was scheduled to receive directly about $3M each year (around 75% of its annual distribution).
As of 2004, the fund had a market value of approximately $7.3 million, with an annual distribution of $210,000.
What makes the tribal territory is fairly uniform annual distribution and amount of rainfall.
Thus, some shareholders wait until after a fund makes its annual distribution before making new fund purchases.
Mr. Cohen ran the numbers for the man if he were to receive an annual distribution of $162,500.