On March 2, 2016, the two 50% shareholders of a calendar year corporation decide to elect S

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On March 2, 2016, the two 50% shareholders of a calendar year corporation decide to elect S status. One of the shareholders, Terry, purchased her stock from a previous shareholder (a nonresident alien) on January 18, 2016. Identify any potential problems for Terry and the corporation?
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South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

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

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