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Question 71 of 75. Which of these corporations appears to be eligible to make an S corporation election? O Corporation I is a domestic corporation.

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Question 71 of 75. Which of these corporations appears to be eligible to make an S corporation election? O Corporation I is a domestic corporation. There is only one class of stock with 75 shareholders who are all individuals the United States, all of whom are either United States citizens or resident aliens. O Corporation II is a domestic corporation using a calendar year tax year. 90% of the shareholders agree to the Scorp election O Corporation Ill is a domestic corporation with one class of stock. There are three shareholders: two are individuals residents of the United States, the third shareholder is a partnership O Corporation IV is not a domestic corporation, but all shareholders are United States citizens. There is one class of Mark for follow up

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