Further evidence!
We are residents for tax purposes and that is what counts to be eligeble to be a shareholder of an S Corp.
I put the same question so as to make it more clear to IRS. In my question i clearly mentioned that we are called Non resident aliens by INS and blah blah.. and the response is below.
JoeF, I have been reading many of your posts on this forum for quite some time and have a lot of respect for your posts/openion on immigration issues but however in this situation you are incorrect. May be you can put the question to IRS yourself and see what they say.
Apart from this i put this question on
www.fairmark.com which is run by a very well know tax consultant Kaye Thomas who is also an author of number of books. I was fortunate to get an answer from Mr. Kayle himself. Here is the link.
http://www.board.fairmark.com/board1/messages/21056.htm
I am sure this should convince you.
Ravi
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