Which of the following are requirements to be an S corporation? a. Limited to an absolute maximum
Question:
Which of the following are requirements to be an S corporation?
a. Limited to an absolute maximum of 100 shareholders.
b. Has no resident alien shareholders.
c. Has only one class of stock.
d. May have no straight debt.
e. Cannot have any earnings and profits (E & P).
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Only c is a require...View the full answer
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Related Book For 
South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts
ISBN: 1389
41st Edition
Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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