Identify Which of the Following Statements Is False

Identify which of the following statements is false.

A) A plan of liquidation must be produced in writing in order to be accepted by the Internal Revenue Service.
B) A corporation must file an information return with the Internal Revenue Service within thirty days of adopting a resolution to liquidate.
C) The adoption of a formal plan of liquidation can provide additional benefits under tax laws to the corporation and its shareholders.
D) The adoption of a plan of liquidation permits a parent corporation a three- year time period to carry out the complete liquidation of its subsidiary.