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Check the S Corp rules for eligible shareholders, the individual has to be a US citizen or permanent resident.  I would look for a way to not pay shareholder compensation. I don't think shareholder compensation is required in the case of an S-Corp that ...

You should look into filing Form 8938. ------------------------------ Karlos Knight CPA, PFS Birdsong Adams Knight Carroll LLP Dallas TX ------------------------------

Please also get hold of 3553s that was approved by IRS to make sure all the shareholders are qualified. Hopefully S corp was not terminated by including a shareholder who is not qualified. ============================== M K Ramadoss MBA CPA ...