Which one of the following is not one of the corporation-related requirements for S corporation status?
A)The corporation must be a domestic corporation.
B)The corporation must not have any foreign-sourced income.
C)The corporation must not be an "ineligible" corporation.
D)The corporation must have only one class of stock.

Question

Quizplus · Accepted Answer

The requirement that the corporation not have any foreign-sourced income is not a requirement for S corporation status. The other requirements listed are all necessary for a corporation to qualify as an S corporation.

Which One of the Following Is Not One of the Corporation-Related