If an S Corporation Shareholder Sells Her Stock to a Nonresident

question 87

True/False

If an S corporation shareholder sells her stock to a nonresident alien, it will automatically terminate the S election.

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Definitions:

Uric Acid

A waste product formed from the breakdown of purines, excreted from the body through urine.

Gout

A type of arthritis caused by excess uric acid in the bloodstream, leading to painful swelling in the joints, especially the big toe.

Ewing's Tumors

A rare type of cancer that occurs in bones or in the soft tissue around the bones, primarily affecting children and young adults.

Paget's Disease

A chronic bone disorder that can lead to enlarged and misshapen bones due to abnormal bone destruction and regrowth.