What measures Moore take to eliminate its PHC tax liability

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Question - PHC Tax. In the current year, Moore Corporation is deemed to be a PHC and reports the following results:

Taxable income $200,000

Dividend received from an 18%-owned domestic corporation 50,000

Dividends paid 75,000

Required -

a) What is Moore's regular tax liability (ignoring any AMT implications)?

b) What is Moore's PHC tax liability?

c) What measures can Moore take to eliminate its PHC tax liability after year-end and before it files its tax return? After it files its tax return?

Reference no: EM133049783

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