Which of the following are requirements to be an S corporation? a. Limited to an absolute maximum

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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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South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Question Posted: Sep 19, 2019 12:53 PM

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Which of the following are requirements to be an S corporation? a. Limited to an absolute maximum

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

South-Western Federal Taxation 2020 Comprehensive

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