Persons Who Were S Shareholders During Any Part of the Year

question 110

True/False

Persons who were S shareholders during any part of the year before the election date but were not shareholders when the election was made also must consent to an S election.

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Definitions:

Ethical Issue

A dilemma or situation that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Ethics

Moral principles that govern a person's behavior or the conducting of an activity.