To Qualify for Subchapter S Treatment Under the Internal Revenue

question 39

True/False

To qualify for Subchapter S treatment under the Internal Revenue Code (IRC), a domestic corporation must have more than 35 shareholders.

---

Definitions:

Emotion Management

The practice of controlling and managing one's feelings and emotional reactions in various situations.

Emotion Labour

Is emotion management that many people do as part of their job and for which they are paid.

Emotion Labour

The process of managing and sometimes suppressing emotions to fulfill the emotional requirements of a job or role.

Profit Making

involves activities or strategies implemented by businesses or individuals to generate financial gain or increase earnings.