Define the term consent dividend. How can a consent dividend be used to avoid the PHC and

Question:

Define the term consent How can a consent be used to avoid the PHC and accumulated earnings taxes? In each case, what requirements must be met by the distributing and/or its shareholders to qualify a consent for the dividends-paid deduction? What are the tax consequences of a consent to the shareholders and the distributing Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...