18

Which of the following will prevent a corporation from qualifying under subchapter s ing will prevent a corporation from qualifying under Subchapter

a 100 individual shareholders-90 singles, 10 married couples

b a corporate shareholder

c common stock with different voting rights

d. none of the above

e. more than one of the above

19. If X co., a calendar year taxpayer, qualifies as an S Corp. and an S election is made and

properly consented to by all shareholders on March 15, 20X0, then X co.'s S Corp. tax year

begins:

January 1, 20X0

March 15, 20X0

January 1, 20X1

None of the above