LO.1 Pale Hotel, Inc., was a C corporation using a fiscal year ending April 30 for tax
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LO.1 Pale Hotel, Inc., was a C corporation using a fiscal year ending April 30 for tax purposes for all tax years through April 30, 2012. In May 2012, the corporation made an S election. What are the implications of the election for Pale’s tax year?
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Kirti Kaushal
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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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