Why are public corporations less likely to be subject to the accumulated earnings tax?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 18, 2024 05:34 AM

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Why are public corporations less likely to be subject to the accumulated earnings tax?

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Introduction The accumulated earnings tax is a tax imposed by the Internal Revenue Service IRS on corporations that retain earnings beyond what is considered reasonable for business needs Public corpo...View the full answer

CCH Federal Taxation Basic Principles 2020

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