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Husband owns 80% on stock in S corporation and wife owns…

Husband owns 80% on stock...
Husband owns 80% on stock in S corporation and wife owns 20%. Husband dies and wife has 100% of stock. I assume the S election is still valid.
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3/13/2018
Richard
Richard, Tax Attorney
Category: Tax
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Good afternoon. Upon the death of the husband, as long as the beneficiary of the deceased shareholder's stock qualifies as a qualified shareholder of an S Corporation, the company's S corporation is retained. Given your facts and the foregoing, the S Corp election remains valid.

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Just following up. My screen indicates that you have not reviewed my response. Please let me know if you did not receive it so I can re-send it if necessary. Thank you!

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