If a corporation elects to be taxed as an S corporation, then both it and its stockholders can avoid all Federal taxes. This provision was put into the Federal Tax Code in order to encourage the formation of small businesses.

True / False.

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Social Studies

Rodney Grimes

20 April, 00:57

If a corporation elects to be taxed as an S corporation, then both it and its stockholders can avoid all Federal taxes. This provision was put into the Federal Tax Code in order to encourage the formation of small businesses.

True / False.

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Jackson Mcguire · Answer 1

If a corporation elects to be taxed as an S corporation, then both it ans its stockholders can avoid all federal taxes. This provision was put into the Federal tax Code in order to encourage the formation of small businesses. I believe it is true

If a corporation elects to be taxed as an S corporation, then both it and its stockholders can avoid all Federal taxes. This provision was put into the Federal Tax Code in order to encourage the formation of small businesses.True / False.

If a corporation elects to be taxed as an S corporation, then both it and its stockholders can avoid all Federal taxes. This provision was put into the Federal Tax Code in order to encourage the formation of small businesses.

True / False.