Which of the following are requirements to be an S corporation? a. Limited to an absolute maximum
Question:
Which of the following are requirements to be an S corporation?
a. Limited to an absolute maximum of 100 shareholders.
b. Has no resident alien shareholders.
c. Has only one class of stock.
d. May have no straight debt.
e. Cannot have any earnings and profits (E & P).
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Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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