An S corporation may be subject to the following tax.

Name: An S corporation may be subject to the following tax.
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Question

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S corporations may be subject to built-in gains tax if they were originally a C corporation and have certain assets that would generate taxable income if sold within a certain time period after converting to an S corporation. The other taxes listed (accumulated earnings tax, personal holding company tax, alternative minimum tax) do not apply to S corporations.

An S Corporation May Be Subject to the Following Tax