An S Corporation Can Make a Voluntary Revocation of an S

question 85

True/False

An S corporation can make a voluntary revocation of an S election if shareholders holding more than 25 percent of the S corporation stock (including nonvoting shares)agree.

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Definitions:

Hours

Units of time equal to 60 minutes each, used to quantify work duration, business operations, or other activities.

Office Distance

The physical distance between a person's home and their place of work.

Stock Pots

Large pots typically used in kitchens for boiling or simmering large volumes of liquid or for making stocks from bones and vegetables.

Large Servings

Portions of food or drink that are significantly larger than the standard or regular serving size.