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ACCT TAX Which of the following will not prevent a corporation from qualifying for the special tax rules under Subchapter S? 1. The corporation has

ACCT TAX

Which of the following will not prevent a corporation from qualifying for the special tax rules under Subchapter S? 1. The corporation has more than 100 shareholders. 2. A nonresident alien owns shares in the corporation. 3. The corporation has both common and preferred stock. 4. An individual retirement account owns shares in the corporation. 5. All the shareholders are individuals or decedent estates

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