If a Resident Alien Shareholder Moves Outside the U

question 52

True/False

If a resident alien shareholder moves outside the U.S., the S election is terminated.

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Definitions:

Dollars

A unit of currency used in the United States and other countries, symbolized by the $ sign and used as a standard monetary unit.

Current Account

A financial statement within the balance of payments summarizing the flow of goods, services, income, and transfer payments into and out of a country.