Question: Code Sec. 409(p) prescribes that a non-allocation year generally means an ESOP plan year during which on any date disqualified persons own _________________ of the

Code Sec. 409(p) prescribes that a "non-allocation year" generally means an ESOP plan year during which on any date disqualified persons own _________________ of the stock in the S corporation. a. 25 percent or more b. 40 percent or more c. 50 percent or more d. 75 percent or more

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