Charitable contributions are subject to a 10% limitation at the S corporation level.
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Q5: For Federal income tax purposes, taxation of
Q6: Rents always are considered to be passive
Q7: An S election made before becoming a
Q7: If a resident alien shareholder moves outside
Q8: Where the S corporation rules are silent,
Q9: Distribution of appreciated property is taxable to
Q12: There is no limit on the amount
Q13: Most IRAs can own stock in an
Q15: An S election is made on the
Q25: For a new corporation,a premature S election
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