Identify Which of the Following Statements Is False

Multiple Choice

Identify which of the following statements is false.

A) A corporation that is subject to the accumulated earnings tax may also be subject to interest and underpayment penalties on the amount of the unpaid liability.
B) A corporation files a Schedule PH to report its PHC tax for the tax year.
C) A corporation files a Schedule AE to report the amount of its accumulated earnings tax liability for the tax year.
D) The corporate AMT liability is reported on Form 4626.