It is False that if a corporation has S corporation status, it must pay income taxes at the corporate level.
What is an S corporation?
An S corporation is a corporation whose profits or losses are not assessed for corporate taxes.
Instead, the profits and losses of an S corporation are passed through to the business and reported on the owners' personal tax returns.
Thus, it is False that if a corporation has S corporation status, it must pay income taxes at the corporate level.
Learn more about S corporation income tax status at https://brainly.com/question/14778467
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