a. Explain the principal difference in the tax treatment of an S corporation and a C corporation.

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a. Explain the principal difference in the tax treatment of an S corporation and a C corporation.
b.
Why would a C corporation be used if an S corporation is generally exempt from tax?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Federal Taxation 2018 Comprehensive

ISBN: 9780134532387

31st Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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