An S Corporation Can Make a Voluntary Revocation of an S

question 85

True/False

An S corporation can make a voluntary revocation of an S election if shareholders holding more than 25 percent of the S corporation stock (including nonvoting shares)agree.

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Definitions:

Congress's Reconstruction

Refers to the period after the Civil War when the U.S. Congress implemented laws and policies to rebuild and reorganize the Southern states.

Polls

Surveys of public opinion from a particular sample, often used in predicting election outcomes or gauging public attitudes on issues.

Impeachment Trial

A formal process in which a government official is accused of unlawful activity, leading to a trial and, potentially, removal from office.

Radical Republicans

A faction within the US Republican Party after the Civil War that advocated for the strict Reconstruction policies against the Southern states and supported civil rights for freed slaves.