What Statement Is Correct with Respect to an S Corporation

question 94

Multiple Choice

What statement is correct with respect to an S corporation?

• A) There is no advantage to elect § 1244 stock.
• B) An S corporation can own up to 85% of an insurance company.
• C) A resident alien may be a shareholder.
• D) A voting trust arrangement is not available.
• E) None of the above statements is true.

---

Definitions:

Easy To Read

Pertains to content presented in a straightforward, accessible manner, making it understandable without unnecessary complexity.

Business Documents

Written records that are used in a business context, including reports, memos, contracts, and business plans.

Personal Letters

written communications typically sent between individuals, focusing on personal topics rather than official or business matters.

Resumes

Documents prepared by job applicants showcasing their background, skills, and experiences to potential employers.