Which of the following statements is/are false?

	A.	In order to maintain a valid IRC 444 election after it has been made, the taxpayer must make timely tax payments to the IRS that are assessed and collected like employment taxes.
	B.	A taxpayer's IRC444 election is AUTOMATICALLY terminated if the electing entity liquidates.
	C.	A personal service corporation's IRC444 election is terminated if it willfully fails to comply with the minimum distribution requirements to employee-owners before the end of the calendar year.
	D.	All of the above are true.
	E.	Both B & C are false.