S corporations without earnings and profits from prior C corporation years are not subject to the excess net passive income tax.

Name: S corporations without earnings and profits from prior C corporation years are not subject to the excess net passive income tax.
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Question

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S corporations that did not previously operate as C corporations and do not have accumulated earnings and profits from their C corporation years are not subject to the excess net passive income tax.

S Corporations Without Earnings and Profits from Prior C Corporation