Identify which of the following statements is true.
A)A partnership can be an S corporation shareholder.
B)A nonresident alien can be an S corporation shareholder.
C)An S corporation can have more than 100 shareholders, since families are treated as a single shareholder.
D)All of the above are false.

Question

Quizplus · Accepted Answer

An S corporation can have more than 100 shareholders if family members are treated as a single shareholder, according to IRS rules.

Identify Which of the Following Statements Is True