A C corporation has incurred substantial losses and the owners have decided to close the business. What

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A C corporation has incurred substantial losses and the owners have decided to close the business. What considerations should the owners make in this termination? Should they consider making an S election and then later, terminating the S corporation? If you were their tax advisor, what would you recommend?

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Posted Date: Jun 13, 2024 03:12 PM

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A C corporation has incurred substantial losses and the owners have decided to close the business. What

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