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2020 Corporate Tax Rules - please show all work Please indicate True or False: 1. Subchapter S corp is a pass through entity.____________________. 2. Subchapter
2020 Corporate Tax Rules - please show all work
Please indicate True or False:
1. Subchapter S corp is a pass through entity.____________________.
2. Subchapter S corp can have voting and nonvoting common stock.______________
3. Appreciated property distributions from Sub S corp are never taxable to shareholders. ___________
4. Partnerships can be eligible S corp shareholders.______________
5. S corps file Form 1120S tax returns._____________________
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