Prevent nonresident alien shareholders from owning stock
Problem: Why do we prevent nonresident alien shareholders from owning stock in S corporations? What might happen if they were allowed to own stock in such a corporation? What happens if a nonresident alien becomes a shareholder?
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Mr. Johnson should prepare his 2010 tax filings in early 2011. Please compute the total mortgage interest payments which he can use for his 2010 tax deductions.
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What might happen if they were allowed to own stock in such a corporation? What happens if a nonresident alien becomes a shareholder?
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