Which of the following is not required for a corporation to be eligible to make an S
Question:
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 have 100 or fewer shareholders.
b. The corporation must be a domestic corporation.
c. The corporation must have both common and preferred stock.
d. The shareholders of the corporation must not be nonresident aliens.
e. All shareholders must be either individuals, estates, certain trusts, or financial institutions.
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Related Book For
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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