Suppose a calendar year C corporation, NewCorp., Inc., was formed on January $1,2017$ and all of the shareholders filed a form $2553$ to elect S corporation status on April $14,2017$ with the consent of all of NewCorp. Inc.$\text{'}$s shareholders: Hassell, Richie Cunningham, and Arnold's, Inc. $($a C corporation$).$ When is the S election effective?

A$)$ January $1,2017.$

B$)$ April $14,2017.$

C$)$ January $1,2018.$

D$)$ April $14,2018.$

E$)$ Never.