The S Corporation Rules Were Enacted to Allow Small Corporations

question 63

True/False

The S corporation rules were enacted to allow small corporations to enjoy the nontax advantages of the corporate form of business without being subject to the tax disadvantage of double taxation.

---

Definitions:

Remember

The cognitive process of recalling information or experiences that were previously encoded and stored in the brain.

Address

The specific location or digital identification where someone lives or an organization is situated, or a means to direct a message or communication.

Encoding Failure

The inability to recall specific information because it was not stored properly in the memory in the first place.

Arabic Numerals

A set of ten digits (0, 1, 2, 3, 4, 5, 6, 7, 8, 9) that originated from India and are used worldwide to represent numbers.