A C Corporation Can Become a Subchapter S Corporation by Filing

question 117

True/False

A C corporation can become a Subchapter S corporation by filing a statement with its corporate income tax return.

---

Definitions:

Time Management

The process of organizing and planning how to divide one's time between specific activities to increase efficiency and productivity.

Work Exhaustion

A state of physical and emotional depletion resulting from prolonged exposure to workplace stressors.

Job Burnout

A state of physical, emotional, or mental exhaustion combined with doubts about one's competence and the value of work, often resulting from prolonged stress.

Depersonalization

A psychological state in which individuals perceive or treat others as devoid of human qualities or personality.