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safezone safezone
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Posts: 782
7 years ago
Identify which of the following statements is true.
A) A trust can own S corporation stock and have a C corporation as a beneficiary as long as the corporation is the sole beneficiary.
B) A QSST is an arrangement whereby the stock owned by a number of shareholders is placed under trust control for purposes of exercising the stock voting rights.
C) A testamentary trust can be converted into a QSST trust.
D) All of the above are false.
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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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
Good timing, thanks!
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Yesterday
Correct Slight Smile TY
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2 hours ago
This helped my grade so much Perfect
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