3. Southern Corp., an S corporation, has no corporate E&P from years as a C corp....

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3. Southern Corp., an S corporation, has no corporate E&P from years as a C corp. At the end of the year, it distributes a ba

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alien DIT IS ne Scorps are only subject to a single level of tua, distribution from scop en generally not subject to tax for

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3. Southern Corp., an S corporation, has no corporate E&P from years as a C corp....

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