Answerscom is the place to go to get the answers you need and to ask the questions you want. Answer the corporation is not entitled to the 40000 amt assuming the corporation were a subchapter s corporation answer on tax versus book . Cpa and tax professor answers dozens of common s corporation questions in easy to understand language. S corporation questions answers can a resident alien become a shareholder or an officer of an s corporation the answer to both questions is yes
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