On March 5, 2019, the two 50% shareholders of a calendar year corporation decide to elect S status
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Get it written →On March 5, 2019, the two 50% shareholders of a calendar year corporation decide to elect S status. One of the shareholders, Terry, purchased her stock from a previous shareholder (a nonresident alien) on January 18, 2019. Identify any potential problems for Terry and the corporation.
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