On March 5, 2021, the two 50% shareholders of a calendar year corporation decide to elect S
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On March 5, 2021, the two 50% shareholders of a calendar year corporation decide to elect S status. Shareholder Mila purchased her stock from a previous shareholder (a nonresident alien) on January 18, 2021. Identify any potential problems for Mila and the corporation.
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Related Book For
South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts
ISBN: 9780357519240
45th Edition
Authors: William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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