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 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
