The personal holding company taxA. applies to any corporation whose shareholders satisfy the stock ownership requirement.B. may be eliminated by the payment of a deficiency dividend.C. may be imposed regardless

The personal holding company taxA. applies to any corporation whose shareholders satisfy the stock ownership requirement.B. may be eliminated by the payment of a deficiency dividend.C. may be imposed regardless of the number of equal stockholders in a corporation.D. qualifies as a tax credit, which may be used by the shareholders to reduce their individual income taxes.

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The personal holding company taxA. applies to any corporation whose shareholders satisfy the stock ownership requirement.B. may be eliminated by the payment of a deficiency divi…

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