Assuming that all other requirements are met, a corporation may elect to be treated as an s corporation under the internal revenue code if it has:

Question

Larsen

Business

28 August, 22:33

Assuming that all other requirements are met, a corporation may elect to be treated as an s corporation under the internal revenue code if it has:

+5

Answers (1)

Know the Answer?

Aileen · Answer 1

Assuming that all other requirements are met, a corporation may elect to be treated as an s corporation under the internal revenue code if it has seventy-five or fewer stockholders.

S corporations are ordinary business corporations that has between 1 and 100 shareholders and elect to pass corporate income, losses, deductions, and credit through to their shareholders for federal tax purposes.