A Corporation May Alternate Between S Corporation and C Corporation

question 45

True/False

A corporation may alternate between S corporation and C corporation status each year depending on which results in more tax savings.

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Definitions:

Apprenticeship

A system of training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study.

Journeyman Welder

A skilled welder who has completed an apprenticeship and is fully qualified to work in the welding field.

Trade School

A vocational institution designed to teach students skills for a specific job or career.

Behavior Modeling

A training technique that involves demonstrating desirable behaviors and allowing learners to practice and mimic these behaviors.