I:16-10 The accumulated earnings tax is effectively a penalty on corporations. a. What is the purpose of

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I:16-10 The accumulated earnings tax is effectively a penalty on corporations.

a. What is the purpose of the accumulated earnings tax?

b. Why does the “reasonable needs of the business”

exception either reduce or eliminate the accumulated earnings tax burden for many corporations?

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Pearsons Federal Taxation Corporations Partnerships Estates And Trust 2023

ISBN: 9780137730391

36th Edition

Authors: KENNETH E. ANDERSON, DAVID S. HULSE, TIMOTHY J. RUPERT Richard J. Joseph LeAnn Luna

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