1.For Subchapter S Corporations using the FORM 1120S

True

False

2.The Form 1120S must be return for the S Corporations at 10^th day of March in each year.

True

False

3.A Subchapter S Corporation is a regular corporation that has elected to be taxed similar to a partnership.

True

False

4.Corporations with fewer than 100 shareholders are automatically considered Subchapter S corporations.

True

False

5. A Subchapter S corporation is taxed in a manner similar to a partnership.

True

False