Allenbarnett3320 Allenbarnett3320

28-04-2024
Business

Answered

Which of the following is correct regarding the relationship between ESOPs and S corporations?
1) Congress has passed a number of restrictions on ESOPs for S corporations
2) An ESOP's holding of shares in an S corporation will be treated as an interest in an unrelated trade or business
3) An ESOP is not permitted to be a shareholder in an S corporation
4) Both A and B are correct

Answer :

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