LO.1 For calendar year 2009, Mario filed a Form 8332 and elected to treat his sole proprietorship
Question:
LO.1 For calendar year 2009, Mario filed a Form 8332 and elected to treat his sole proprietorship as a C corporation. For 2012, he wants to revert back to a sole proprietorship for tax purposes.
a. Why might Mario want to make the change?
b. Is this change permitted under the check-the-box Regulations?
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Related Book For 
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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