Which Statement Is False

Which statement is false?

A) An S corporation is not required to make estimated tax payments for a built-in gains penalty tax.
B) An S corporation may not own stock in another corporation.
C) An S corporation is eligible for the dividends received deduction.
D) An S corporation is subject to the 10%-of-taxable-income limitation on charitable contributions.
E) All of the above.

Correct Answer:

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