Alpha Corporation is a holding company owned equally by Harry and Rita. They acquired the Alpha stock many years ago when the corporation was formed. Alpha has its money invested almost entirely in stocks, bonds, rental real estate, and land. Market quotations are available for all of its stock and bond investments except for 10,000 shares of Mayfair Manufacturing Corporation stock. Mayfair is privately held with 40 individuals owning all 100,000 outstanding shares. Last year, Mayfair reported slightly more than $3 million in net income. In a discussion with Harry and Rita, you find that they plan to liquidate Alpha Corporation in the next six months to avoid the personal holding company tax. What tax issues should Harry and Rita consider with respect to this pending liquidation?