In Certain Circumstances, C Corporations Can Elect to Be Treated

question 46

True/False

In certain circumstances, C corporations can elect to be treated as flow-through entities.
An S-Corporation election achieves this purpose.

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Definitions:

Sadhu

A religious ascetic or holy person in Hinduism who has renounced the worldly life, often dedicated to achieving moksha or liberation.

Hindu Holy Man

A spiritual leader or ascetic in Hinduism, often referred to as a sadhu or a yogi, who is dedicated to achieving moksha (liberation).

Blessed Curse

An oxymoron suggesting a situation or condition that appears to be advantageous (blessed) but has negative consequences (curse).