PIHL leri Tax Drill - Tax Planning and S 351 Indicate whether the following statements are "True" or "False" regarding tax planning opportunities associated with organizing and financing a corporation. a. I the tax-free treatment of 5 351 is desired, ensure that the parties transferring property (which includes cash) receive control of the corporation. b. A transferor might prefer to avoid 5 351 to allow for immediate recognition of a loss. C. A transfer of assets that produce passive income (rents, royalties, dividends, and Interest) can cause the corporation to be a personal service corporation. d. Only the original holder of $ 1244 stock is entitled to ordinary loss treatment