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3 November, 21:00

Which of the following actions cannot be used to eliminate a potential accumulated earnings tax liability situation involving a corporation owned by a mother and a father? A. Make a cash distribution within 2 1/2 months after the end of the tax year. B. Make a deficiency distribution within 90 days of the date on which the IRS determines that an accumulated earnings tax liability is owed. C. Liquidate the corporation. D. Create plans to invest retained earnings in a plant expansion.

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  1. 3 November, 21:07
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    b. Make a deficiency distribution within 90 days of the date on which the IRS determines that an accumulated earnings tax liability is owed
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