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:

Imperatives

Commands or duties that must be followed or fulfilled; often used to describe moral or ethical obligations.

Hypotheticals

Imaginative scenarios created to explore possibilities or reason through moral dilemmas, often used in discussions of ethics or logic.

Impartially

The quality of treating all rivals or disputants equally and fairly, without bias or prejudice.

Peacemaking Criminology

An approach to criminology that focuses on peace and conflict resolution as means to prevent crime and address its causes.