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

Question

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The personal holding company tax may be eliminated by the payment of a deficiency dividend.

The Personal Holding Company Tax