Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) For C corporations that desire to be taxed like a partnership, the S corporation rules provide a practical alternative for an existing C corporation to obtain many of the tax benefits of being taxed as a partnership.
B) A partnership can elect to be taxed as a corporation under the check- the- box regulations. As a corporation, an S election can be made.
C) The S corporation rules were enacted to allow small corporations to enjoy the nontax advantages of the corporate form of business without being subject to the tax disadvantage of double taxation.
D) All of the above are true.