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3 . A C - Corp was denied its S - Corp election. Which one o f the following reasons could cause a n S
Corp was denied its Corp election. Which one the following reasons could cause Corp election denied?
Company has shareholders
Company has preferred and common share shares stock
Company owned mainly permanent residents
Company has a partnership shareholder
Company has estate a shareholder
A separate Corporation owns the shares this company
Company has a nonresident shareholder
Company made passive income the last year
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