A Corporation May Alternate Between S Corporation and C Corporation

question 45

True/False

A corporation may alternate between S corporation and C corporation status each year depending on which results in more tax savings.

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Definitions:

Goals

Targets or outcomes that an individual or group endeavors to achieve, often requiring planning and effort.

Same-Sex Partners

Individuals in a romantic or marital relationship who are of the same sex or gender identity.

Opposite-Sex Partners

Individuals engaged in a romantic or sexual relationship who are of different sex.

Physical

Relating to the body and its physiological functions, often contrasted with mental or spiritual aspects.