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QUESTION 97 What must a calendar year S corporation with 20 equal shareholders do if it wants to revoke its S status effective January
QUESTION 97 What must a calendar year S corporation with 20 equal shareholders do if it wants to revoke its S status effective January 1, 2021? O Get all 20 shareholders to sign a revocation consent statement and file the revocation with the IRS no later than March 15, 2021. Get at least 10 of the shareholders to sign a revocation consent statement and file the revocation with the IRS no later than January 1, 2021. Get at least 11 of the shareholders to sign a revocation consent statement and file the revocation with the IRS no later than January 1, 2021. Get at least 10 of the shareholders to sign a revocation consent statement and file the revocation with the IRS no later than March 15, 2021. Get at least 11 of the shareholders to sign a revocation consent statement and file the revocation with the IRS no later than March 15, 2021.
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald W. Hilton
11th edition
125956956X, 978-1259569562
