An S corporation is formed by 100 shareholders, including a husband and wife holding stock jointly. They
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An S corporation is formed by 100 shareholders, including a husband and wife holding stock jointly. They divorce, with each taking title to one-half of the jointly held stock. Will the corporation still qualify as an S corporation?
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Answer No the S corporation will no longer qualify as an S corporation if the husband and wife divor...View the full answer
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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