The termination of an S election occurs on the day after a corporation ceases to be a small business corporation.
Correct Answer:
Verified
Q7: If a resident alien shareholder moves outside
Q8: Where the S corporation rules are silent,
Q16: No maximum or minimum dollar sales or
Q17: A two-or-more member LLC operates under partnership
Q18: As a general rule, S corporation treatment
Q19: An S election is made on Form
Q25: For a new corporation,a premature S election
Q30: Only 51% of the shareholders must consent
Q35: When loss assets are distributed by an
Q43: An S corporation can be a shareholder
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents