A calendar year corporation has an election under

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A calendar year corporation has an election under Subchapter S. What will be the effect, if any, of the following events on its S status?

The board of directors of the corporation revokes its S election in March of the current year.

A shareholder who is a citizen of Mexico and works in San Antonio retires and moves back to Mexico
The corporation acquires an interest in a partnership.
Because of the death of a shareholder, the total number of shareholders increases from 98 to 101.
A shareholder transfers her stock to a newly formed LLC.

Reference no: EM13586068

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