The three shareholders of an S corporation have binding compensation contracts with the corporation, with one of
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The three shareholders of an S corporation have binding compensation contracts with the corporation, with one of the shareholders having excessive payments (resulting in a constructive dividend). Would this arrangement mean that the corporation has two classes of stock? Explain.
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No having binding compensation contracts with different levels of compensatio...View the full answer
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Related Book For 
South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
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