Robin Corporation,a calendar year S corporation,issues some of its stock to a nonresident alien on March 5,2012.Robin becomes a C corporation as of March 5,2012.

Question

Quizplus · Accepted Answer

The change in Robin Corporation's tax status from an S corporation to a C corporation would not affect the nonresident alien's ownership of the stock. Therefore, the statement is true.

Robin Corporation,a Calendar Year S Corporation,issues Some of Its Stock