In terms of an S corporation, which of the following is a requirement that must be maintained so that the corporation does not lose its tax status?
A) There can be no more than 80 shareholders in an S corporation.
B) The shareholders must all be corporate shareholders or partnerships.
C) The losses and earnings are not to be reported on the shareholders' individual tax returns.
D) Shareholders must consent in writing to having the corporation taxed as a partnership.

Question

Quizplus · Accepted Answer

Several requirements must be maintained or the Subchapter S corporation loses its tax status. One of them is that shareholders must consent in writing to having the corporation taxed as a partnership.

In Terms of an S Corporation, Which of the Following