Question: Question Content Area The Jimenez Group, a private foundation, has been found guilty of self - dealing. To minimize its Federal excise taxes from this

Question Content Area
The Jimenez Group, a private foundation, has been found guilty of self-dealing. To minimize its Federal excise taxes from this activity, Jimenez should:
a. Reorganize as a C corporation.
b. Surrender its tax-exempt status.
c. Pay the second-level excise tax immediately.
d. Undo (i.e., "correct") the violation immediately.

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