ANSWER WITH YES OR NO PLEASE

Which of the following corporate forms are exempt from the PHC tax? The accumulated earnings tax? .... Exempt or effectively exempt from the PHC tax? accumulated earnings tax? Corporate Form a. Closely held corporations b. S corporations C. Professional corporations d. Tax-exempt organizations Publicly held corporations (assume it fails the stock ownership test and is not "formed or availed of for the purpose of avoiding income tax") f. Corporations filing a consolidated tax return Limited liability companies (assume no election to be g1. taxed as a corporation) Limited liability companies (assume an election to be 92. taxed as a corporation has been made) e