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Title: For each of the following independent cases below, indicate whether the entity will be taxed as an S ... Post by: Sheena Maskell on Jan 11, 2017 For each of the following independent cases below, indicate whether the entity will be taxed as an S corporation or a C corporation for the respective period.
a. Richard Corporation, uses the calendar year as its tax year. They file an S election on March 31, 2010. If no reasonable cause is shown, how will Richard be treated for tax purposes in 2010? b. Shareholders owning more than 50% of the stock of Harper Corporation, a qualifying calendar-year S corporation, consent to a voluntary revocation statement filed by the corporation on March 12, 2010. How will Harper Corporation be treated for tax purposes in 2008? c. Shareholders owning more than 50% of the stock of Hazelwood Corporation, a qualifying calendar-year S corporation, consent to a voluntary revocation statement filed by the corporation on March 12, 2010. The prospective termination date is July 1, 2010. How will Hazelwood Corporation be treated for tax purposes in 2010? d. Omni Corporation, a calendar-year S corporation, adds a 101st shareholder on July 8,2010. The new shareholder is not related to any of the other shareholders. Title: Re: For each of the following independent cases below, indicate whether the entity will be taxed as ... Post by: MsLippy on Jan 11, 2017 Content hidden
Title: Re: For each of the following independent cases below, indicate whether the entity will be taxed as an S ... Post by: Sheena Maskell on Mar 20, 2017 Really helped
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