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Title: Which of the following statements is incorrect? Post by: safezone on Feb 14, 2017 Which of the following statements is incorrect?
A) S corporations must allocate income and expenses to their shareholders based on their proportionate ownership interest. B) The number of S corporation shareholders is unlimited. C) S corporation income is taxed to shareholders when earned. D) S corporation losses can offset shareholder income from other sources. Title: Re: Which of the following statements is incorrect? Post by: Rimoun on Feb 14, 2017 Content hidden
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