If an S Corporation Never Operated as a C Corporation

question 12

True/False

If an S corporation never operated as a C corporation, it may earn passive investment income without fear of an involuntary S election termination.

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Definitions:

Stress

A physical or emotional response to demands or pressures, which can stem from various aspects of life including work, relationships, or financial troubles.

Hans Selye

A Hungarian-Canadian endocrinologist known for his research on the response of organisms to stress.

Stress Types

Varieties of stress categorized typically by cause, duration, or effect on an individual, such as acute, chronic, or eustress.

Inner Conflict

Psychological struggle within oneself arising from opposing demands or impulses.