Zinc Corporation Is Created in the Current Year and Promptly

question 36

Essay

Zinc Corporation is created in the current year and promptly makes an S election. How much passive income can it earn this year without fear of losing its S corporation status or being subject to the Sec. 1375 tax on excess net passive income?

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Definitions:

Phone Number

A sequence of digits assigned to a telephone line for the purpose of making and receiving calls.

Talking Ability

The capacity or skill to communicate effectively and articulately in spoken language.

Take for Granted

Assuming something to be true without question or appreciation, often overlooking its value or importance.

Techniques of Good Talking

Methods or practices that enhance verbal communication skills, including clarity, empathy, and effective listening.