Growmore Corporation was incorporated on January 2, 2021. It elected S status on February 4, 2021. Growmore is a calendar-year, cash-basis taxpayer. It has 95 shareholders.

a. For what year is the election effective?

b. Same facts except that the election is made on April 30, 2021. For what year is it effective?

c. On January 2, 2022, the shareholders vote to revoke the S election. When is the revocation effective?

d. Same facts as in c except that the revocation is made on June 12, 2022.

e. Change the facts. There is no revocation, but on July 1, 2022, the corporation sells shares to 10 more shareholders. What effect does this have on the S election?