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safezone safezone
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Posts: 782
7 years ago
Identify which of the following statements is true.
A) The S corporation rules were enacted to allow small corporations to enjoy the nontax advantages of the corporate form of business without being subject to the tax disadvantage of double taxation.
B) A partnership can elect to be taxed as a corporation under the check-the-box regulations. As a corporation, an S election can be made.
C) For C corporations that desire to be taxed like a partnership, the S corporation rules provide a practical alternative for an existing C corporation to obtain many of the tax benefits of being taxed as a partnership.
D) All of the above are true.
Textbook 
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
Authors:
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That's not philosophy, it's geometry
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strwbrrystrwbrry
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Top Poster
Posts: 541
7 years ago
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More solutions for this book are available here
1
Every man, wherever he goes, is encompassed by a cloud of comforting convictions, which move with him like flies on a summer day.
   --Bertrand Russell, 1950

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safezone Author
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7 years ago
This site is awesome
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Thanks for your help!!
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Smart ... Thanks!
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