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Which of the following statements is incorrect regarding the taxation of C corporations? a.A tax return must be filed whether or not the corporation has
Which of the following statements is incorrect regarding the taxation of C corporations? a.A tax return must be filed whether or not the corporation has taxable income. b.NOLs may be carried forward indefinitely. c.Taxable income of a personal service corporation is taxed at a flat rate of 35%. d.The alternative minimum tax does not apply.
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