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____________________ Husband and Wife Must Consent to an S Election

question 41

Short Answer

____________________ husband and wife must consent to an S election if they own their stock jointly.


Definitions:

License Plates

Metal or plastic plates displayed on vehicles to officially identify them and confirm they have been registered with the governing authorities.

Title

The legal right to own or possess something, such as property or a vehicle.

Conditional Gift

A gift given with specific conditions attached that must be fulfilled for the gift to be retained by the recipient.

Engagement Ring

A ring given during a proposal of marriage to symbolize intent and commitment.

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