Identify which of the following statements is true.

Select one:

a$.$ The S corporation rules were enacted to allow small corporations to enjoy the nontax advantages of the corporate form of business

without being subject to the tax disadvantage of double taxation.

b$.$ A partnership can elect to be taxed as a corporation under the check$-$the$-$box regulations. As a corporation, an S election can be

made.

c$.$ For C corporations that desire to be taxed like a partnership, the S corporation rules provide a practical alternative for an existing C

corporation to obtain many of the tax benefits of being taxed as a partnership.

d$.$ All of these are true