Which of the following will not prevent a corporation from qualifying for the special tax rules under

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Which of the following will not prevent a corporation from qualifying for the special tax rules under Subchapter S?

a. ‘The corporation has more than 100 shareholders.

b. A nonresident alien owns shares in the corporation.

c. ‘The corporation has both common and preferred stock.

d. An individual retirement account owns shares in the corporation.

e. All the shareholders are individuals or decedent estates.

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 27, 2024 03:05 AM

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Which of the following will not prevent a corporation from qualifying for the special tax rules under

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ANSWER The correct answer is a The corporation has more than 100 shareholders Subchapte...View the full answer

CCH Federal Taxation Basic Principles 2020

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