Which of the following will disqualify a corporation from electing Subchapter S status? All shareholders are U.S. citizens except for 10% who are resident aliens. The election form is signed by 80% of the shareholders. The corporation has one class of stock. The corporation has 80 shareholder

Which of the following will disqualify a corporation from electing Subchapter S status? All shareholders are U.S. citizens except for 10% who are resident aliens. The election form is signed by 80% of the shareholders. The corporation has one class of stock. The corporation has 80 shareholder

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter22: S Corporations

Section: Chapter Questions

Problem 2DQ

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Question

Which of the following will disqualify a corporation from electing Subchapter S status?

		All shareholders are U.S. citizens except for 10% who are resident aliens.
		The election form is signed by 80% of the shareholders.
		The corporation has one class of stock.
		The corporation has 80 shareholder

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