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9- If Harry and Kerry (each a 35-percent shareholder) file a revocation on April 14, 2019 to terminate their S corporations S election, what is
9-
If Harry and Kerry (each a 35-percent shareholder) file a revocation on April 14, 2019 to terminate their S corporations S election, what is the effective date of the S corporation termination (assuming they do not specify one)? The S corporation has a calendar year end.
Multiple Choice
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None of the choices are correct.
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April 14, 2019
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April 14, 2020
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January 1, 2020
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January 1, 2019
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