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Which one of the following statements is true? a. S corporations are never tax-paying entities. b. S corporations are always tax-paying entities. c. An S

Which one of the following statements is true?

a. S corporations are never tax-paying entities.

b. S corporations are always tax-paying entities.

c. An S corporation could be a tax-paying entity if it was previously a

C corporation

d. None of the above is true.

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