True or False:

2. Business income allocations from an S corporation to its shareholders are potentially subject to the 3.8 percent net investment income tax if the shareholders are passive investors in the S corporation.

3. Corporations have a larger standard deduction than individual taxpayers because they generally have higher revenues.

4. For estimated tax purposes, a "large" corporation is any corporation with average annual gross receipts of $5,000,000 in the three years prior to the current year.

5. The recipient of a nontaxable stock distribution will have a zero tax basis in the stock received in the distribution.

6. A liquidation of a corporation always is a taxable event to the shareholders of the liquidating corporation.