1. To become an S corporation as of January 1, 2017, a timely filed election must be filed no later than: Group of answer choices

a. January 1, 2017

b. January 1, 2018

c. March 15, 2017

d. April 15, 2017

2.

For an S corporation that has prior C corp E&P, which of the following represents the proper ordering rule related to the taxation of distributions

Group of answer choices

AAA, basis, E&P, OAA

AAA, OAA, E&P, basis

AAA, E&P, basis, OAA

AAA, E&P, OAA, basis

EIEIO