Which of the Following Characteristics Can Disqualify a Corporation from S

question 120

Multiple Choice

Which of the following characteristics can disqualify a corporation from S Corporation status?

• A)A corporation has nonresident aliens as shareholders.
• B)One of the corporation's shareholders is a qualifying trust.
• C)A corporation has 101 shareholders including a husband and wife.
• D)A corporation has voting and nonvoting stock, but both types of stock confer identical rights to distribution and liquidation proceeds.

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Definitions:

Incremental Action Steps

Small, manageable actions taken one at a time to gradually achieve a larger goal.

Solution-Focused

An approach focusing on finding solutions rather than dwelling on problems, emphasizing positive outcomes and pragmatic strategies.

Priority Goal

An objective or aim considered more important than others, warranting primary focus and resources.

Specific Tasks

Defined actions or duties assigned to individuals or groups aimed at achieving a particular goal.