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THE IRS MAY NOT WAIVE an invalid S corporation election if the failure is caused by: A. a failure to obtain required consents. B. a
THE IRS MAY NOT WAIVE an invalid S corporation election if the failure is caused by: A. a failure to obtain required consents. B. a reasonable cause for a late election. C. a shareholder refusing to sign the consent during the IRS-approved extension period. D. an inadvertent failure to qualify as a small business corporation based on extenuating circumstances.
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