Which of the Following, If Any, Can Be Eligible Shareholders

question 64

Multiple Choice

Which of the following, if any, can be eligible shareholders of an S corporation?

• A) A Roth IRA.
• B) A partnership.
• C) A non-U.S. corporation.
• D) A nonqualifying trust.
• E) None of these.

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Definitions:

Child

A young human being below the age of puberty or below the legal age of majority.

Elder Abuse

Any form of mistreatment that results in harm or loss to an older person, including physical, emotional, sexual abuse, neglect, and financial exploitation.

Powerless

Lacking the ability, strength, or capacity to act, influence, or assert control over circumstances or other individuals, often due to social, political, or economic constraints.

Boomerang Kid

An adult who returns to live with their parents after a period of independence, often due to economic or personal reasons.