Multiple Choice
Which of the following characteristics can disqualify a corporation from S Corporation status?
A) A corporation has nonresident aliens as shareholders.
B) One of the corporation's shareholders is a qualifying trust.
C) A corporation has 101 shareholders including a husband and wife.
D) A corporation has voting and nonvoting stock, but both types of stock confer identical rights to distribution and liquidation proceeds.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: A contribution of services to a partnership
Q49: In the syndication of a partnership,brokerage and
Q106: The transfer of property to a partnership
Q107: Members of a single family may be
Q115: Marisa has a 75% interest in the
Q117: On January 1 of this year (assume
Q118: Ariel receives from her partnership a nonliquidating
Q123: Atiqa receives a nonliquidating distribution of land
Q134: On July 1,Alexandra contributes business equipment (which
Q1399: Elise contributes property having a $60,000 FMV