Which of the Following Actions Cannot Be Used to Eliminate

question 57

Multiple Choice

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)Create plans to invest retained earnings in a plant expansion.
• B)Make a cash distribution within 2 1/2 months after the end of the tax year.
• C)Make a deficiency distribution within 90 days of the date on which the IRS determines that an accumulated earnings tax liability is owed.
• D)Liquidate the corporation.

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Definitions:

Content Analysis

A research method used to identify patterns, themes, or biases in textual material, by systematically evaluating the content of that material.

Fear of Crime

A psychological state sparked by perceived risk or danger of being a victim of crime, affecting individual and community behavior and attitudes.

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Guidelines and laws that govern the operation of the criminal justice system, including law enforcement, courts, and corrections.

Punitive Policies

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