(True/False)

- A corporation that only has accumulated earnings and profits cannot make a dividend distribution. (T/F)

- A corporation must have positive earnings and profits in both its current earnings and profits account and its accumulated earnings and profits account to make a taxable dividend distribution.(T/F)

- There are special rules for an S corporation that must be followed when the corporation decides to liquidate. (T/F)

- Only gifts of a present interest in property are eligible for the unified credit.(T/F)

- Gift splitting allows a married couple to use both their annual exclusions in determining taxable gifts.(T/F)