Which of the following is not required for a corporation to be eligible to make an S

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Which of the following is not required for a corporation to be eligible to make an S corporation election in 2016?

a. The corporation must be a domestic corporation.

b. The corporation must have both common and preferred stock.

c. The corporation must have 100 or fewer shareholders.

d. All shareholders must be either individuals, estates, certain trusts, or financial institutions.

e. The shareholders of the corporation must not be nonresident aliens.

Related Book For answer-question

Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Posted Date: Jan 16, 2021 04:39 AM

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Which of the following is not required for a corporation to be eligible to make an S

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