Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. with regards to a shareholder in an s corporation,

With regards to a shareholder in an S corporation, which of the following statements is...

70.2K

Verified Solution

Question

Accounting

With regards to a shareholder in an S corporation, which of the following statements is FALSE? a. If he/she works for the S corporation, that shareholder can just take cash distributions from the corporation and does not have to be paid a salary b. If he/she works for the S corporation, that shareholder will not be subject to the at-risk rules with respect to the shareholders individual tax return if the S never experiences a loss. c. If he/she works for the S corporation, that shareholder might be subject to the passive loss rules with respect to the shareholders individual tax return if the S corporation experiences a loss. d. All of the above statements are true.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students