Which of the following events would cause an S corporation to cease to qualify as...
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Accounting
Which of the following events would cause an S corporation to cease to qualify as an S corporation? A. The S corporation issues its stock to another corporation. B. A shareholder has zero basis in his stock. C. The corporation is liable for tax on excess net passive investment income for 2 consecutive years D. A 25% shareholder sells her shares to an individual who wants to revoke S corporation status
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