The conduit concept applies to an S corporation. Are there any circumstances in which an S corporation

Question:

The conduit concept applies to an S corporation. Are there any circumstances in which an S corporation is a taxpayer rather than merely a tax reporter? Explain.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...