For an S corporation to be able to treat a distribution as coming first from E&P and

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For an S corporation to be able to treat a distribution as coming first from E&P and then from AAA, all shareholders must agree to this change in ordering.

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Essentials Of Federal Income Taxation For Individuals And Business

ISBN: 9780808038009

15th Edition

Authors: Linda M. Johnson

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Question Posted: Oct 12, 2024 03:02 AM

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For an S corporation to be able to treat a distribution as coming first from E&P and then from AAA, all shareholders must agree to this change in ordering.
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Once an S corporation's S status is revoked, the corporation normally must wait five years before it can re-elect S status.
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For an S corporation to be able to treat a distribution as coming first from E&P and

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Essentials Of Federal Income Taxation For Individuals And Business

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