Which of the following corporations is allowed to make an S corporation election?a. A U.S. corporation owned by a Brazilian corporation.b. A U.S. owned and operated corporation with 7,000 separate shareholders.c. A U.S. corporation owned and operated by two U.S. citizens (individuals).d. None of these choices could be an S corporation.

Question

raltaf3754 raltaf3754

08-01-2020
Business

contestada

Which of the following corporations is allowed to make an S corporation election?a. A U.S. corporation owned by a Brazilian corporation.b. A U.S. owned and operated corporation with 7,000 separate shareholders.c. A U.S. corporation owned and operated by two U.S. citizens (individuals).d. None of these choices could be an S corporation.

Respuesta :

Otras preguntas

What is the slope of a line passing through the points (2, 5)(2, 5) and (0, −4)(0, −4) ?

Please help!! I'll make you Brainlest!! Thanks!!

Ty is reading a myth. He wants to learn about the cultural context of the myth-tellers. To do so, he will write a question about each of the four aspects of cul

Randex Manufacturing estimates that its weekly profit, P, in hundreds of dollars, can be approximated by the formula P = –2x2 + 4x + 2 where x is the number of

Marie Daggett went to her bank each week and opened a club account. She deposited $21.75 per time period. If she made 12 deposits before interest was credited,

A book review would be considered a. a primary source. b. a secondary source. c. a tertiary source. d. either a secondary or tertiary source, depending on c

Explain the relationship between the key terms in each of the following pairs. a. wake and memorial service b. distress and eustress A: a. A wake and memor

it costs $61 to produce 3 calculators, $165 to produce 7 calculators, and $385 to produce 12, how much for 6 calculators

Which of the following is a K-selected species in the ocean and why? Algae are a K-selected species because they have a very slow growth phase. Algae are a K

Find the exact value of tan 13Π/8 using half-angle identities.

letmeanswer letmeanswer · Answer 1 · 2020-01-19T16:54:25+01:00

The following corporations is allowed to make an S corporation election is a U.S. corporation owned and operated by two U.S. citizens (individuals).

Option C

Explanation:

A Controlled Foreign Corporation (CFC) is a U.S. corporation which has 50 percent or more of its control overseas with U.S. shareholders. You have to report your income from the foreign corporation, and of course, pay tax on that income if you are a U.S. shareholder, director or director of any of those companies.

A managed corporation shall be determined by the number of shares held by U.S. citizens. A business with fewer international owners than the required number is considered independent rather than regulated.