Question: 1.what is the main difference between dividends and distributions and qualified dividends? 2.what is one of the disadvantages of a S corporation over an S

1.what is the main difference between dividends and distributions and qualified dividends?

2.what is one of the disadvantages of a S corporation over an S Corporation?

3. If a child has earned income and decides to take an exemption on their personal return then the parents can or cannot take the exemption?

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