A C corporation was formed five years ago and is a fiscal-year taxpayer with a June 30 year-end. The C corporation wants to make an S election for its tax year beginning in the current year. The election must be made by ________ (assuming permission can be obtained to continue using the fiscal year from the IRS).

Select one:

a. June 30 of the current year

b. September 15 of the current year

c. June 30 of the next year

d. September 15 of the next year