How can a corporation legally avoid constructive dividend treatment for bootstrap purchases? >The purchaser can assign the option to the redeeming corporation. >The seller must maintain stock in the corporation >The purchaser has to have a primary obligation to purchase the shares of the stock. >The corporation can pay no less for the redeemed shares than fair market value.

How should a liquidating corporation distribute its property to minimize the payment of taxes? >Distribute property that has declined in value in the last year it has conducted business and distribute property that has increased in value the following year. >Distribute property that has increased in value in the last year it has conducted business and distribute property that has decreased in value the following year. >Distribute all property in the tax year following the last year of conducting business. >Distribute all property in the last year which it has conducted business.

What is the general rule for tax attributes of liquidating a corporation that is a non-controlled subsidiary? >They carry over for five years. >They disappear when the process is complete. >They carry over for an indefinite period of time >They disappear for the controlled subsidiary corporations.