Which of the following are requirements to be an S corporation? a. Is limited to an absolute

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Which of the following are requirements to be an S corporation?

a. Is limited to an absolute maximum of 100 shareholders.

b. Has no resident alien shareholders.

c. Has only one class of stock.

d. Cannot have any C corporation earnings and profits (E & P).

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South Western Federal Taxation 2023 Comprehensive Volume

ISBN: 9780357719688

46th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young

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Question Posted: Sep 24, 2023 07:53 AM

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Which of the following are requirements to be an S corporation? a. Is limited to an absolute

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Only part c is a requirement More tha...View the full answer

South Western Federal Taxation 2023 Comprehensive Volume

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