CPA Regulation (REG) › Eligibility Requirements for S Corps
Assuming all other requirements are met, a corporation may elect to be treated as an S corporation under the Internal Revenue Code if it has:
Which of the following conditions will prevent a corporation from qualifying as an S corporation?
A company terminated its S corporation status for the current tax year. When can the company reelect S status?
A corporation may elect to be treated as an S corporation under the IRC if:
The tax on built-in gains is a corporate level tax on S corps that dispose of assets that:
If an S corporation has no accumulated earnings and profits, the amount distributed to a shareholder: