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Tax Drill - Tax Planning for Corporate Distributions Indicate whether the following statements are True or False regarding tax planning and corporate distributions. a. Under

Tax Drill - Tax Planning for Corporate Distributions Indicate whether the following statements are "True" or "False" regarding tax planning and corporate distributions. a. Under current law, shareholders prefer dividends because salaries, interest, and rent are fully taxed while dividends receive preferential tax treatment. b. Even if shareholders structure their dealings with the corporation on an arm's length basis, constructive dividend situations cannot be avoided. c. Individual taxpayers who pay the alternative minimum tax should reconsider their investment strategies to manage the mix of ordinary income, dividend income, and capital gain

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