An S corporation can make a voluntary revocation of an S election if shareholders holding more than 25 percent of the S corporation stock (including nonvoting shares)agree.

Name: An S corporation can make a voluntary revocation of an S election if shareholders holding more than 25 percent of the S corporation stock (including nonvoting shares)agree.
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An S corporation can make a voluntary revocation of an S election if shareholders holding more than 50 percent of the stock agree, not 25 percent.

An S Corporation Can Make a Voluntary Revocation of an S