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One of your corporate clients has Section 541 personal holding company income in addition to ordinary income and has not distributed this income to its

One of your corporate clients has Section 541 personal holding company income in addition to ordinary income and has not distributed this income to its shareholders. You explain to the company's owner that, because the income is undistributed, the corporation will be subject to: A. deduction limitations B. the ordinary corporate income tax. C. carryover of excess income. D. a special tax penalty.

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