Voting Stock only may be used by the Acquiring Corporation in a Type "B" Reorganization without causing the reorganization to be taxable. True False QUESTION 38 Which of the following is correct regarding "both" the Accumulated Earnings Tax (Section 531) and the Personal Holding Company Tax (Section 54- O Both taxes are Self-Assessed Taxes. Both taxes are based "solely on the Taxable Income of the corporation. O Both taxes exclude Long-Term Capital Gains. Eamings retained for reasonable business purposes are not subject to either tax.