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Collette's S Corporation has a small amount of accumulated earnings and profits (AEP), requiring the use of the more complex distribution rules. Collette's accountant tells

Collette's S Corporation has a small amount of accumulated earnings and profits (AEP), requiring the use of the more complex distribution rules. Collette's accountant tells her that this AEP forces the maintenance of the AAA figure each year.Whatrelevant tax issues doesCollette faces.

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