Excess net passive income of an S corporation is $70,000 and taxable income is $110,000....
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Excess net passive income of an S corporation is $ and taxable income is $ Assuming that there is $ of accumulated earnings and profits from a C corporation year, calculate any passive income penalty tax.
Excess net passive income of an S corporation is $ and taxable income is $ Assuming that there is $ of accumulated earnings and profits from a C corporation year, calculate any passive income penalty tax.
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