Question
If X co., a calendar year taxpayer, qualifies as an S corp. and an S election is made and properly consented to by all shareholders
If X co., a calendar year taxpayer, qualifies as an S corp. and an S election is made and properly consented to by all shareholders on March 15, 20X0, then X co.s S corp. tax year begins:
a. January 1, 20X0
b. March 15, 20X0
c. January 1, 20X1
d. None of the above
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Sound Investing, Chapter 18 - Significant Accounting Policies And Changes In Them
Authors: Kate Mooney
3rd Edition
0071719407, 9780071719407
