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If shareholders in an S corp., a calendar year taxpayer, owning 83 percent of the S corporation stock consent on March 2, 20X2 to revoke
If shareholders in an S corp., a calendar year taxpayer, owning 83 percent of the S corporation stock consent on March 2, 20X2 to revoke the S election and declare the revocation effective date to be December 1, 20X2, when is the S election terminated? When does the S corporations tax year end?
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