### Question
Can you define what earnings and profits means?


### Answer
**Earnings and profits** is defined as the following in *26 U.S.C. § 56*:

> earnings and profits computed for purposes of subchapter C

#### Citation:
  - *26 U.S.C. § 56*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART VI-ALTERNATIVE MINIMUM TAX**

