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18
Which of the following will prevent a corporation from qualifying under subchapter s ing will prevent a corporation from qualifying under Subchapter
a 100 individual shareholders-90 singles, 10 married couples
b a corporate shareholder
c common stock with different voting rights
d. none of the above
e. more than one of the above
19. If X co., a calendar year taxpayer, qualifies as an S Corp. and an S election is made and
properly consented to by all shareholders on March 15, 20X0, then X co.'s S Corp. tax year
begins:
January 1, 20X0
March 15, 20X0
January 1, 20X1
None of the above
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