question archive The document ACC 455 Week 5 Discussion Question 4 contains answers on these questions: "A C corporation has incurred substantial losses and the owners have decided to close the business

The document ACC 455 Week 5 Discussion Question 4 contains answers on these questions: "A C corporation has incurred substantial losses and the owners have decided to close the business

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The document ACC 455 Week 5 Discussion Question 4 contains answers on these questions: "A C corporation has incurred substantial losses and the owners have decided to close the business. What considerations should the owners make in this termination? Should they consider making an S election and then later, terminating the S corporation? If you were their tax advisor, what would you recommend?"

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