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Question
Alpha, Inc., is a small business. Bob, Carly, and eleven other members of the Alpha family own all of its stock. Currently, Alpha's income is taxed at the corporate level and, after being distributed to the family members, at the shareholder level. Can Alpha retain its corporate status but otherwise avoid this double taxation? If so, how?Answer
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Fact Pattern 41-1
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Fact Pattern 41-1
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