An S corporation election is disqualified if its passive investment income exceeds 25 percent of its gross receipts during any taxable year.
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Q9: H Company, an S corporation owned by
Q10: Although an S corporation is taxed much
Q11: A shareholder has capital gain only to
Q12: P holds stock in an S corporation
Q13: For determining the number of shareholders in
Q15: The consent of all shareholders who have
Q16: Unlike partnerships, some S corporations are assessed
Q17: Either the per day or interim closing
Q18: The S years are counted when determining
Q19: An S corporation has 300 shares of
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