Question 75 of 75 Each of these events will lead to automatic termination of the...
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Question 75 of 75 Each of these events will lead to automatic termination of the S corporation election EXCEPT: The corporation ceases to be a small business corporation as defined by the IRS. For three consecutive years, the corporation has accumulated earnings and profits and has excess profits passive income All of the shareholders vote unanimously to convert the corporation to a C corporation. The election is revoked Mark for follow up Back Save / Return Later Summary
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