Question: For each item, choose whether it is an Advantage or a Disadvantage when evaluating whether or not to elect S Corp status: Income is taxed

For each item, choose whether it is an Advantage or a Disadvantage when evaluating whether or not to elect S Corp status:
Income is taxed even though it is not distributed to the shareholders[ Select ]["Advantage", "Disadvantage"]No double taxation[ Select ]["Disadvantage", "Advantage"]Basis rules are more restrictive[ Select ]["Disadvantage", "Advantage"]S Corp Income is not subject to Self-employment tax[ Select ]["Disadvantage", "Advantage"]Pass-thru losses can offset other income

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